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Sati [7]
4 years ago
12

What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate​ for

m?
Business
1 answer:
Yuri [45]4 years ago
4 0

Answer:

The correct answer is unlimited liability for personal assets.

Explanation:

Both terms can be described as follows:  

Sole Proprietorship: This type of business has only one owner of the firm and he is totally responsible for any liability or loss. Liability can be recovered by acquiring the personal assets of the owner.

Corporation: This type of business can have a number of shareholders and each shareholder has limited liability for any loss in the company. in the case of any loss, the money he invested in the company can be acquired and there is no threat to his personal assets.  

Hence, the chief disadvantage of a sole proprietorship is unlimited liability for personal assets.

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Principles are a. the obligations businesses have to maximize their positive impact and minimize their negative impact. b. mores
ArbitrLikvidat [17]

Answer:

b. mores, values, and customs that guide behavior in general.

Explanation:

It is correct to say that principles are the customs and values that guide behavior in general. It is through the principles of society that are acquired through cultural, political and social interactions, that the bases that will form the laws and legal norms of a society are formed.

It is also correct to affirm that each location has its own set of principles, so that they are not universal customs and values, nor encompassing only in the business world, but encompassing in all areas of human life.

3 0
3 years ago
David enters into a contract to give Edward the right of first refusal to purchase a tract of land owned by David. David subsequ
ruslelena [56]

Answer:

injunction

Explanation:

Based on the information provided within the question it can be said that in this scenario Edward may seek an injunction. This is a court order that compels a party from continuing and further action that they may be doing or even compelling them to do a certain action. Which in this case since David is breaching the contract terms, the court will apply an injunction to stop David and/or make him give first rights of refusal to Edward as agreed to in the contract.

4 0
4 years ago
11. When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
andrew11 [14]
C) because lenders can evaluate their risk more easily using existing data on how that business has already been performing.
5 0
4 years ago
Please helppppp me answer it correctly
vfiekz [6]

Answer:

solidarity

Explanation:

affinity, sympathy, and solidarity

8 0
3 years ago
Read 2 more answers
Suppose that you were trying to determine how much income was available for future monetary needs as well as for investment.
Marysya12 [62]

Answer:

A. Savings ratio

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The savings ratio is expressed as a percentage and is computed by dividing average household savings by average household disposable income.

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