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Questions and Answers
What is a characteristic of a partnership?
What is a characteristic of a partnership?
- Single owner with full control
- Unlimited liability for all partners (correct)
- Ownership by multiple shareholders
- Limited liability for all partners
Which of the following is a common type of organization?
Which of the following is a common type of organization?
- Sole proprietorship (correct)
- Syndicate
- Monopoly
- Cartel
Which type of organization is characterized by the separation of ownership and control?
Which type of organization is characterized by the separation of ownership and control?
- Limited liability company
- Corporation (correct)
- Sole proprietorship
- Partnership
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