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:

Relational External Leadership Action

Leadership activities focused on building and managing relationships beyond the immediate organization to include external stakeholders and environments.

Principled Leadership

Leadership that is based on firmly held beliefs or ethics, guiding leaders to act consistently and with integrity.

Positive Influence

The effect or impact that encourages beneficial changes or development in others through positive actions, attitudes, or communication.

Motivation

The inner drive or factors that stimulate people to pursue personal or professional goals and exhibit persistent effort in achieving them.