Business Essentials Final Exam Questions 100% Well Answered.
a person who goes into business as a sole proprietor must operate under - Answer b. either his or her name or a fictitious name in a partnership all partners share equally in the profits unless there is an agreement to the contrary - Answer a. true a sole proprietorship is a - Answer c. form of business owned by one person partnership property includes - Answer b. property contributed directly to the partnership when the partnership is created a sole proprietorship is the easiest form of business association to form - Answer a. true a partnership by estoppel is not a real partnership - Answer a. ture the articles of partnership are known as the - Answer d. partnership agreement the biggest disadvantage of a sole proprietorship is - Answer a. unlimited liability a silent partner has no liability for the debts of the firm - Answer b. false dissolution of a partnership brings the business to an end - Answer b. false a skill that has been developed through practice - Answer ability a written account of qualifications including education or training
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