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What is the primary disadvantage of sole proprietorship

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Reference no: EM132804050

Problem 1: What is the primary disadvantage of both sole proprietorship and a partnership that a corporation overcomes?

a. Unlimited liability

b. Ease of start up

c. No access to capital

d. Taxing complications

Problem 2: A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)

a. not-for-profit corporation.

b. government-owned corporation.

c. close corporation.

d. open corporation.

Problem 3: The par value of ordinary shares is equal to

a. the amount received by the corporation when the share was originally issued.

b. a designated peso amount per share established in the articles of incorporation.

c. the amount at which the shre is currently trading in an organized market.

d. the book value of the ordinary shares.

Reference no: EM132804050

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