Which of the following is a similarity between a sole proprietorship and a partnership?

A. Both their earnings are untouched by the Internal Revenue Service.
B. Both offer limited liability to the owners.
C. Both are subject to double taxation.
D. Both have stronger financial bases than a limited liability company.


Answer: A

Business

You might also like to view...

What is a feature of a company with an individualistic culture?

A. It has flatter pay structures. B. It exhibits greater differences between the highest and lowest pay in the organization. C. It has compensation systems based on fixed pay according to seniority. D. It involves employees in collective decision making. E. It emphasizes on organizational rather than individual performance.

Business

Eight vitamin and six sugar tablets identical in appearance are in a box. One tablet is taken at random and given to Person A. A tablet is then selected and given to Person B. What is the probability that a.Person A was given a vitamin tablet?b.Person B was given a sugar tablet given that Person A was given a vitamin tablet?c.neither was given vitamin tablets?d.both were given vitamin tablets?e.Person A was given a sugar tablet and Person B was given a vitamin tablet?f.Person A was given a vitamin tablet and Person B was given a sugar tablet?

What will be an ideal response?

Business

An excellent retail location, a long-term relationship with suppliers, and access to low-cost capital are examples of a firm's _____

a. store positioning b. target market c. competitive advantages d. resources

Business

Disintermediation is common in the machining channel.

Answer the following statement true (T) or false (F)

Business