Business, 20.12.2019 05:31 Braxtonw875

Choose the statements that correctly describe a business organization.

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sole proprietorships and partnerships both have unlimited liability.

corporations are owned by 100 or more people.

corporations are generally subject to greater government oversight.

sole proprietorships are not common because forming them is complicated.

a disadvantage to partnerships is that profits are divided between many shareholders.

an advantage to corporations as a business organization is that they enjoy unlimited life and limited liability.

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Choose the statements that correctly describe a business organization.

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