QUESTION 22 A general partnership is formed when two or more people: a. file a Charter b.file an Application c. carry on a business as co-owners for profit d. all the above c. none of the above QUESTION 23 A disadvantage of the sole proprietorship is that: a. only entrepreneurs with advanced degrees can be sole proprietors b.complex requirements exist for forming and operating it c. the owner is personally responsible for all debts and liabilities of the business d. the owner has only limited control over management nana of the above