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  2. Business
  3. Small Business Management Study Set 2
  4. Quiz 8: The Organization of the Business

Ownership in a Corporation

Question 74
Multiple Choice

Ownership in a corporation A) is difficult to transfer. B) is more easily transferable than ownership in other forms of organization. C) is transferred in much the same way as stock in a partnership. D) noticeably affects the operation of the business.

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Q 75
Unlimited liability for business debts is imposed on A) shareholders in a C corporation. B) shareholders in an S corporation. C) sole proprietors. D) limited partners.
Q 76
The legal document that spells out the partners' rights and duties is called the A) articles of incorporation B) partnership agreement C) partnership by-laws D) SS-4 form
Q 77
In a limited partnership, which of the following remains bound by all debts of the business? A) Limited partner B) Special partner C) Partner with the greatest capital investment D) General partner
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