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.

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Definitions:

Comorbidity

The simultaneous presence of two or more diseases or medical conditions in a patient.

Anxiety

an emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure that can be a normal reaction to stress or part of an anxiety disorder.

Depression

A mental disorder exemplified by a continual sense of despair or apathy towards activities, leading to considerable difficulties in performing daily tasks.

Confirmation Bias

The tendency to filter, read, prefer, and recall facts in such a way that it endorses one's established convictions or speculations.