This type of organization is a legal entity separate from its owners Options: A . &nbspSole proprietorship B . &nbspPartnership C . &nbspCorporation D . &nbspFranchise

This type of organization is a legal entity separate from its owners

Question

This type of organization is a legal entity separate from its owners

Options:

A . Sole proprietorship

B . Partnership

C . Corporation

D . Franchise

Answer: Option C

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Question 1. Disadvantages for this type of business include: owner pays for everything, hard to get money to start from the bank, o....from the bank, owner might lack skills & unlimited liability

Question 2. A _____ is owned and operated by one individual; an example would be a plumber....

Question 3. Which statement is false....

Question 4. Sole Proprietorships will automatically dissolve when the owner....

Question 5. Law firms and doctor's offices are examples of....

Question 6. Closing stock is recorded in trading account and ___________________________....

Question 7. The major policy and financial decision makers of a corporation are determined by the....

Question 8. The reason for the end of the sole proprietorship can be....

Question 9. Sole Proprietorship is most suitable for....

Question 10. Nike, Google and Apple are examples of....

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