Multiple Choice
Which of the following is a difference between a corporation and a sole proprietorship?
A) The owner of a corporation has unlimited liability, while the owner of a sole proprietorship has limited liability.
B) The owner of a corporation faces difficulty in raising startup money, while the owner of a sole proprietorship does not.
C) A corporation makes zero economic profit in the long run, while a sole proprietorship makes positive economic profits in the long run.
D) Corporate income is taxed twice, while income from a sole proprietorship is taxed only once.
E) A corporation faces vulnerability in the case of the death of an owner, while a sole proprietorship does not.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: If left to market forces,activities that produce
Q55: To serve the public interest, government sometimes
Q105: A major advantage of the corporate form
Q123: A public good is available to all
Q174: The term fiscal policy refers to _<br>A)
Q177: International trade occurs because the opportunity cost
Q178: Which of the following is true of
Q180: Harold, a delivery man, washes and irons
Q183: Which of the following taxes is based
Q184: Other revenue sources for the federal government