1. All of the following are advantages of a sole proprietorship EXCEPT:

(a) Simple to establish

(b) Ease of ownership

(c) Inexpensive to establish

(d) Least regulation

(e) Complete control by owner

2. All of the following are disadvantages of a sole proprietorship EXCEPT:

(a) Difficult to raise capital

(b) Difficult to grow the business significantly

(c) Limited life

(d) Difficult to transfer ownership

(e) Double taxation of profits

3. All of the following are advantages of a corporation EXCEPT:

(a) Unlimited life

(b) Exists as an entity separate from the owners

(c) Relatively easy to establish

(d) Ease of ownership transfer

(e) Ease of raising capital

4. All of the following are disadvantages of a corporation EXCEPT:

(a) Complicated to establish

(b) Exists as a separate entity from the owners

(c) Hihgly regulated

(d) Double taxation of profits

(e) Expensive to establish

5. All of the following are advantages of a partnership EXCEPT:

(a) Simple to establish

(b) Inexpensive to establish

(c) Least regulation

(d) Ease of ownership transfer

(e) Complete control by owner

6. All of the following are disadvantages of a partnership EXCEPT:

(a) Difficult to grow the business significantly

(b) Difficult to raise capital

(c) Difficult to transfer owernship

(d) Complicated and costly to establish

(e) Limited life