In a partnership, the owners of the business and the business are ________, and in a sole proprietorship, the owner of the business and the business are ________

A) separate legal entities; also separate legal entities
B) not separate legal entities; also not separate legal entities
C) not separate legal entities; separate legal entities
D) separate legal entities; not separate legal entities

Answer: B

Economics

You might also like to view...

Suppose a bank will pay you a 10% interest rate on your deposits for one period. In this case you must sacrifice $10 of current consumption to finance:

a. $9 of future consumption b. $10 of future consumption c. $11 of future consumption d. $1 of future consumption e. none of the above

Economics

Refer to Figure 4-1. If the market price is $1.00, what is the maximum number of burritos that Arnold will buy?

A) 1 B) 2 C) 3 D) 4

Economics