Microeconomics Study Set 20
Quiz 8: Firms,the Stock Market,and Corporate Governance
The Only Type of Business That Faces Unlimited Liability Is
The only type of business that faces unlimited liability is a sole proprietorship.
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In the United States,partnership profits are taxed at the business level and then are taxed again as personal income in the form of dividend payments.
Define a partnership.
How do unlimited and limited liability differ?
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