Question: Liability is a critical reason for establishing a Blank _ _ _ _ _ _ rather than any other form of business. Multiple choice question.

Liability is a critical reason for establishing a Blank______ rather than any other form of business.
Multiple choice question.
sole proprietorship
partnership
proprietorship
corporation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

7.1 You are a manager at a perfectly competitive firm like Scotch Plywood Company. The price of a sheet of plywood is $30. The marginal cost of producing plywood has a random element. The following...

Q:

The form of business ownership called Blank _ _ _ _ _ _ protects the person's personal assets from the debts of the business. Multiple choice question. sole proprietorship limited liability general...

Q:

Answer 10 Question and tables given for some question are in the last pictures. Mr. Entrepreneur's Story Part 1 a When Mr. Entrepreneur was in his twenties, he decided to start a business. Since he...

Q:

Liability is a critical reason for establishing a q , rather than any other form of business. partnership sole proprietorship corporation proprietorship

Q:

Introduction to Corporations Please help me. Five independent situations follow. For each case, recommend what form of organization the business is likely to take: sole proprietorship, partnership,...

Q:

This is an answer to the question: please identify and discuss three differences in the creation/organization, operation or dissolution/closure of Partnerships verses Corporations. I need 7-8...

Q:

Tony Matheson plans to graduate from college in May 2024 after spending four years earning a degree in sports and recreation management. Since beginning T-ball at age five, he's been actively...

Q:

RWP1-1 Great Adventures Tony Matheson plans to graduate from college in May 2024 after spending four years earning a degree in sports and recreation management. Since beginning T-ball at age five,...

Q:

Discuss the advantages and disadvantages of various business organizations, including sole proprietorship, partnership, and corporation. What would be the difference between line and staff positions...

Q:

a financial manager's task would be to acqurie funds needed by the firm and direct these funds into projects to maximize the the value for its stockholders. Your first question is the following: Use...

Q:

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Q:

An insurance company wants to design a homeowner's policy for mid-priced homes. From data compiled by the company, it is known that the annual claim amount, X, in thousands of dollars, per homeowner...

Q:

In the previous problem, suppose the fixed asset actually falls into the three year MACRS class. All the other facts are the same. What is the projects year 1 net cash flow now? Year 2? Year 3? What...

Q:

Question 3 (10 marks) A man leaves an estate of $50,000 which is invested at an interest rate of 9% p.a. At the time of his death, he has two children aged 10 and 15 years old. Each child is to...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...