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

question 44

Multiple Choice

Everything else equal, including firm size, dollar sales, type of product sold, and so forth, the primary difference between the 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 generally is 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)there are many more businesses that are formed as partnerships than proprietorships.

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Definitions:

Social System

An organized and structured arrangement of social institutions, relationships, and patterns of behavior that work together to fulfill social needs.

Government

An organization or system that governs a community, state, or nation, making and enforcing laws.

Essential Hypertension

High blood pressure with no identifiable cause, also known as primary hypertension, which may be influenced by genetic or environmental factors.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, an important indicator of heart health.