1. If a sole proprietor is found negligent of an action, thenthat person could face

a) limited liability.

b) stock options.

c) danger of dispute settlement.

d) a gain in business assets.

e) unlimited liability.

2.

If one owner of a partnership makesa bad decision that ends up in the business being sued, then

a) that person faces liability.

b) the partnership is dissolved.

c) all partners are protected.

d) they all lose their stock.

e) all partners face unlimited liability.

3. If a corporation is formed, then the owners are known as

a) shareholders.

b) dueling sole proprietors.

c) partners.

d) LLC members.

e) stakeholders.

Answer rating: 100% (QA)

1 Unlimited liability A sole proprietor has unlimited liability which meansthe trader ... View the full answer