What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate form?
A) Sole proprietorships are subject to double taxation of profits.
B) The cost of formation.
C) Inadequate profit sharing.
D) Owners have unlimited liability.
Answer: D
Business
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Negligence is:
A. a misinterpretation which affects a person's reputation in society. B. illegal participation in an otherwise legal activity. C. deliberately exposing a person to the risk of injury. D. an unintentional failure to act as a responsible, prudent person exercising ordinary care.
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Product mix ________ refers to the number of versions offered for each product in the line
A) length B) depth C) height D) width E) consistency
Business