Which of the following statements describes an advantage to the owner of a single proprietorship?
A) The owner's liability is limited to the amount he or she actually invests in the firm.
B) He or she has limited liability.
C) The owner can readily maintain full and complete control over every aspect of the firm's operation.
D) The firm has a legal existence separate from its owner.
E) Shares of the firm can be traded on any stock exchange.
Correct Answer:
Verified
Q6: When a corporation issues a bond
A)the purchaser
Q7: A limited partnership differs from an ordinary
Q8: The relationship between factors of production used
Q9: "An objective of firms is to maximize
Q10: Undistributed profits of a firm are
A)earnings that
Q12: Churches,the YMCA,the Salvation Army,and the Nature Conservancy
Q13: A firm can raise financial capital without
Q14: Which of the following is the best
Q15: Real capital includes
A)a firm's physical assets.
B)corporate bonds.
C)corporate
Q16: The theory of the firm is based
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