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Business Essentials Final Exam Questions and Correct Answers. 2024

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Business Essentials Final Exam Questions and Correct Answers. 2024 a person who goes into business as a sole proprietor must operate under 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 a. true a sole proprietorship is a c. form of business owned by one person partnership property includes b. property contributed directly to the partnership when the partnership is created a sole proprietorship is the easiest form of business association to form a. true a partnership by estoppel is not a real partnership a. ture the articles of partnership are known as the d. partnership agreement the biggest disadvantage of a sole proprietorship is a. unlimited liability a silent partner has no liability for the debts of the firm b. false

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