Everything Else Equal, Including Firm Size, Dollar Sales, Type of Product

question 77

Multiple Choice

Everything else equal, including firm size, dollar sales, type of product sold, and so forth, the primary difference between proprietorship and partnership business forms is that _____. 

• A)a partnership has more owners than a proprietorship
• B)the combined personal liability associated with a partnership is significantly less than the combined personal liability associated with a proprietorship
• C)a partnership is generally easier to form than a proprietorship
• D)the annual growth rate of a proprietorship is limited by law, whereas the growth rate of a partnership is always potentially unlimited
• E)many more businesses are formed as partnerships than proprietorships

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