Q1. For which of the following organizational structures is (are) the entire wealth of the owner(s) at risk? A) Proprietorships only. B) Partnerships and proprietorships. C) Corporations.
Q2. Consider the following two business firms: Firm 1 has more than one owner. Each owner’s legal liability for the debts and obligations of the firm can exceed the amount they have invested in the firm. Firm 2 is a legal entity that pays income taxes. Which choice most accurately describes the type of business organization characterized by Firm 1 and Firm 2? Firm 1 Firm 2
A) Partnership Corporation B) Corporation Corporation C) Partnership Proprietorship
Q3. Of the indicated type of business organization which of the following potential disadvantages are most likely to be associated with it? A) Proprietorship; double taxation. B) Corporation; principal-agent problem. C) Proprietorship; principal-agent problem. | 
发表于 2008-12-31 10:32
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