billy-joe

Sage Lee is taking this assessment.1. Which of the following is not one of the three types of business arrangements in the United States? (1 point)Sole proprietorshipPartnershipSole partnershipCorporation2. With a sole proprietorship, who pays the taxes? (1 point)The shareholdersThe companyBoth the shareholders and the ownerThe owner3. Which of the following would not be considered an advantage of a sole proprietorship? (1 point)Decisions can be made quickly without having to consult others.A proprietor is also responsible for his or her own health insurance.There are no legal formalities if the business dissolves.A) All of the profits from the business go right to the owner.4. What can a proprietor do to minimize personal risk and liability? (1 point)Change his/her nameForm a limited liability proprietorshipForm a limited liability partnershipForm a limited liability company5. Why are partnerships often favored over corporations? (1 point)They have more power.They are more successful.There are no taxes levied on profits.A partnership structure eliminates the dividend tax levied upon profits realized by the owners.6. What are the two types of partnerships? (1 point)Limited and soleGenral and privateLimited and generalPrivate and limited7. Which of the following would not be considered an advantage of a partnership? (1 point)A partnership usually involves low start-up costs.Each general partner is deemed the agent of the partnership.It’s easy to form a partnership.You can share the responsibilities with your partners.8. As a generic legal term, ___________ means any group of persons with a legal entity. (1 point)CorporationBusinessPartnershipProprietorship 9. Who regulates a corporation? (1 point)the government of the state, province, or national government with which it is registeredthe bondholdersthe corporation's foundersthe corporation's union10. Which of the following is not a legal characteristic of a corporation? (1 point)Transferable sharesPerpetual lifeLimited liabilityLegal protection from law suits

Precious

Why doesn't anyone want to do their own work anymore? I hope you didn't have to type all that in.

SDD

None of these answers were provided in the class you took or the reading you were supposed to do? What kind of class are you taking? I'd ask your school for a refund.

Bowlingchick

1. sole partnership2. the owner3. A proprietor is also responsible for his or her own health insurance.4. Form a limited liability company5. A partnership structure eliminates the dividend tax levied upon profits realized by the owners.6. Limited and general7. Each general partner is deemed the agent of the partnership.8. Business9. the government of the state, province, or national government with which it is registered10. Legal protection from law suits

Eliot

FINACE CLASS? 8- Corporatin

stickman

1 Sole proprietorship corporation. -A sole proprietorship is an individual owning a company. 2 The owner. 3, There are no formalities if the business disolves. 4. form an LLC 5. A partnership pays no dividend tax. 6 limited and general, 7. You share responsibilities with your partners. 8. partnership 9. the state province or government it is registered with, 10 Legal protection from lawsuitsThis is all basic. go back and read the chapter. You need to know this material.