How Do a Sole Proprietorship and a Corporation Differ

question 34

Multiple Choice

How do a sole proprietorship and a corporation differ?

• A)Proprietorships have unlimited liability while corporations have limited liability.
• B)Corporations can issue stocks and bonds, while proprietorships cannot.
• C)Corporations face more taxes than do proprietorships.
• D)All of these are differences between the two types of businesses.

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Definitions:

Introvert

A personality type characterized by a preference for solitary activities and environments that are not overly stimulating, often involving introspective and reflective behaviors.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious and archetypes.

Unsociable

Characteristic of someone who is not seeking or enjoying the company of others; unfriendly or aloof.

Extravert

A personality type characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.