What Is One of the Biggest Differences Between a Sole

question 6

Multiple Choice

What is one of the biggest differences between a sole proprietorship and a corporation?

• A) Sole proprietorships offer stock.
• B) Corporation shareholders elect the managers of the firm.
• C) Sole proprietorships have limited liability.
• D) Corporations are the only profitable firms.

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Definitions:

Appeal

The process of seeking a higher court's review of a lower court's decision in hopes of reversing or modifying the outcome.

Appeal Court

A higher court that reviews the decision and results of a lower court when a party claims an error was made during the decision-making process.

Jurisdiction

The official power to make legal decisions and judgments, often within a specific geographic area or over certain types of cases.

Superior Trial Court

A higher level court that handles appeals and major cases, often with broad jurisdiction over civil and criminal matters.