A difference between a proprietorship and a partnership is that
A) a proprietorship is easy to form while a partnership is hard to form.
B) a proprietorship has only one owner while a partnership has only two owners.
C) a partnership allows for specialization while a proprietorship does not.
D) the profits in a proprietorship are taxed only once while in a partnership they are taxed twice.
Answer: C
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All the following statements about the Federal Reserve are true EXCEPT the fact that it ________
A) is a public authority B) regulates a nation's depository institutions C) accepts checking deposits from the nation's residents D) controls the quantity of money
What is a primary difference between rebates and coupons?
A) Coupons allow individuals to sort themselves into the high-elasticity group after the sale. B) Neither coupons nor rebates are redeemed in high numbers. C) Rebates allow individuals to sort themselves into the high-elasticity group after the sale. D) Coupons are legal and rebates are illegal.