What Is the Primary Difference Between a Sole Proprietorship and a Partnership

question 12

Multiple Choice

What is the primary difference between a sole proprietorship and a partnership?

• A)Proprietorships have unlimited liability while partnerships have limited liability.
• B)Partnerships can issue stocks and bonds while proprietorships cannot.
• C)Partnerships have more owners than do proprietorships.
• D)There is no real difference between the two types of firms.

---

Definitions:

Lab

A shortened term for a laboratory, a controlled setting designed for scientific experiments, research, or testing.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, critical in maintaining organ perfusion and health.

Lab

Short for laboratory, a controlled setting for scientific research, experiments, and testing.

Modified Wave

A scheduling method that allocates specific appointment times at the beginning of each hour to reduce waiting time and enhance workflow.