LAW MISC

1. Which of the following represent advantages of a sole proprietorship? i) Limited liability of members ii) Owner has total decision-making authority iii) Simple to create iv) Ability to raise large amounts of capital a. ii, iii b. i, iii c. iii, iv d. i, iii e. i, ii, iii 2. Which of the following is not an advantage of a partnership? a. Ease of formation b. Diversification of skills and abilities of partners c. Increased opportunity for accumulation of capital d. Easy to discont...