What is one of the biggest differences between a sole proprietorship and a corporation?
A) Sole proprietorships offer stock.
B) Corporation shareholders elect the managers of the firm.
C) Sole proprietorships have limited liability.
D) Corporations are the only profitable firms.
B
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Which of the following is true for taxes? They
A) are always administered fairly. B) are a necessary part of living in an economy with a fair distribution of income. C) are always administered without creating unfairness or inefficiency. D) are an involuntary transfer of private property. E) do not create a big tradeoff problem.
The aggregate demand curve is the total quantity of an economy's
A) intermediate goods demanded at different inflation rates. B) intermediate goods demanded at a particular inflation rate. C) final goods and services demanded at a particular inflation rate. D) final goods and services demanded at different inflation rates.