Which of the Following Statements About Types of Business Entities

question 117

Multiple Choice

Which of the following statements about types of business entities is true?

• A)For accounting purposes a sole proprietorship is not a separate entity from its owner.
• B)Ownership in a partnership is represented by having shares of capital stock.
• C)One advantage of a corporation is ability to raise capital.
• D)Sole proprietorships are subject to double taxation.

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Definitions:

Quality Of Work

The measure of excellence or state of being free from defects, deficiencies, and significant variations in a product or service.

Good Follower

A person who supports and is guided by another person or by a group, showing commitment and adaptability.

Productivity Rate

A measure of the efficiency of production or the amount of output generated per unit of input.

Orders Passively

The act of accepting instructions or commands without question or resistance.