Answered: Which of the following business…

Which of the following business organization is owned by two or more persons? O a. Company O b. Sole proprietorship O C. Partnership O d. Corporation.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter1: An Overview Of Managerial Finance

Section: Chapter Questions

Problem 13PROB

See similar textbooks

Related questions

Q: Association of two or more persons to carry on, as co-owners, a business for profit is known as: a.…

A: Business organization refers to any organization which is formed to carry out the commercial…

Q: Which of the following is a sole proprietorship? A) limited partnership company whose capital is…

A: Sole proprietors: In this form of organization there is only one owner running the business. The…

Q: Complete the chart below by selecting Yes/No in the appropriate column. Type of Business…

A: Types of Business organisation There are different types of business organisation is existed in the…

Q: Form of business that is legally created under Oman Commercial Law a. Cooperative b. Partnership c.…

A: Cooperative societies means that form of activities which is run with the motive of mutual…

Q: Which type of business organization provides the least amount of protection forbankers and other…

A: Corporation: Corporation is the form of organization that has legal existence that is owned and…

Q: The ability to combine skills and knowledge is anadvantage of aa. partnership.b. sole…

A: Partnership is a form of business in which two or more than two people invest their time and money…

Q: The following describe several different business organizations. Determine whether each description…

A: Limited Liability Company: A limited liability company may be described as a corporate entity which…

Q: Which forms of business organization, ownership is readily transferable? a. Corporation b. Sole…

A: The forms of business organizations consists of corporation, sole proprietorship, limited liability…

Q: Write at least 3 examples of the following 1. Sole proprietorship 2. Partnership 3. Corporation

A: Sole proprietorship: A sole proprietorship is a business organization is established for doing…

Q: What are the benefits of the corporation in comparison with the partnership and proprietorship…

A: A corporation is a separate legal entity owned by the shareholders, who profit from the company's…

Q: permitted Salalah Methanol Co. is a to engage in any lawful, for profit business or activity other…

A: Sole proprietorship refers to a form of business organization that is owned, managed, and controlled…

Q: Which business organization has the most legal formality requirements? a. Corporation b. Partnership…

A: A corporation is funded by many owners (shareholders) and to keep their money safe, corporations…

Q: All of the following are forms of business organizations except: A. proprietorship B. partnership C.…

A: Business organization refers to an entity formed for the purpose of commercial transactions whose…

Q: Explain in paragraph form the advantages and disadvantages Sole proprietorship Partnership…

A: Introduction: A sole proprietorship is the most basic business structure, in which one person serves…

Q: Complete the following table with either a yes or no regarding the attributes of a proprietorship,…

A: Proprietorship is usually owned by a single individual wherein the obligation is unlimited.…

Q: 4 - Which of the following is a private company? A) Joint stock company, collective company B)…

A: A private company can be defined as a company that is owned and managed by a private group of…

Q: A partner is to a partnership like a(n) ______________ is to a corporation a. Officer b.…

A: A partnership appears to be a non-formal firm run by more than one individual. The most frequent…

Q: 25. The Drawing account is used for sole proprietorship, partnership, and corporation.

A: Owner equity means the amount that belong to the owner of the business. Any profit will increase…

Q: In which financial statement will drawing of a sole proprietorship be found

A: Drawings are defined as withdrawals from a sole proprietorship's business assets by the owner for…

Q: The following describe several different business organizations. Determine whether each description…

A: Sole proprietorship is a form of business organization where a single person is the owner of…

Q: Which type of business structure requires that all shareholders be licensed? Question 1 options: a)…

A: A corporation is a separate legal entity created under the eyes of the law, i.e., a formal…

Q: Owners in which of the following forms of business have unlimited liability? a. sole…

A: Business entity: A business organization which is created by one or more persons and governed by…

Q: Which type of financial structure primarily involves one person owning a business? Group of answer…

A: There are various forms of business such as partnership, sole proprietorship, corporations etc.

Q: Which of the following forms of business organization formats does not offer at least some liability…

A: Proprietorship, general partnership, limited liability company (LLC), and corporation are all forms…

Q: For business it is difficult to expand and increase the number of branches: O a. Corporation b.…

A: Partnership and corporation businesses have more than one owners and managing personals and they…

Q: Determine if sole proprietorship, partnership, or corporation. Select all that is applicable between…

A: Business ownership seems mostly seems in three top forms i.e sole proprietorship, partnership, or…

Q: A business created as a distinct legal entity composed of one or more individuals or entities is…

A: A distinct legal entity that composed of one or more individuals or an entities

Q: Owners enjoy limited liability in a a) partnership b) corporation c) sole proprietorship d)…

A: Solution: Corporations are separate legal entity from owners / shareholders. In corporations, owners…

Q: A partnership: A) Is also called a sole proprietorship. B) Has unlimited liability for its partners.…

A: Hi, Thank you for the Question. As per the honor code, we’ll answer the first question since the…

Q: The following describe several different business organizations. Determine whether each description…

A: Sole proprietorship: The form of business entity which is owned and managed by an individual is…

Q: What are the main advantages of (a) proprietorships, (b) partnerships, and (c) limited liability…

A: Proprietorship is a form of business where a single person runs & owns the business. He has…

Q: Compare and contrast the forms of business organization. Sole/Single Proprietorship Partnership…

A: Sole/Single Proprietorship: A sole proprietorship is a sort of business structure that allows one…

Q: Determine whether each describes a sole proprietorship, a general partnership, or a corporation.…

A: The answers are provided below:

Q: Which business entity could O A. a sole proprietorship O B. a partnership O C. a limited liability…

A: When a group of people with a shared objective form a corporation, it is known as a corporation.…

Q: In which form of business organizations owners are entitled to get dividend as return on their…

A: Business organisation can be set up by various forms like: Sole proprietorship Partnership…

Q: Of the following forms of business organization, which have stockholders with limited liability? a)…

A: SOLUTION- A CORPORATION IS AN INCORPORATED ENTITY DESIGNED TO LIMIT THE LIABILITY OF ITS OWNERS…

Q: Sole proprietorships or corporations: who would you choose to do business with? Why

A: The Answer

Q: Compare and contrast the three types of business organizations (Sole proprietorship, Partnership,…

A: We have to compare and contrasts three different types of business organization across parameters…

Q: Which of the following organization forms accounts for the greatest number of firms? O A. Limited…

A: The businesses are established to earn income. The business can be in any form like partnership,…

Q: The following describe several different business organizations. Determine whether each description…

A: Answer: Corporation.

Q: #IAS OR #IFRS what accounting standard are use for sole proprietorship? what accounting standard…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Question A _______________is a separate entity and in that capacity can borrow from banks,…

A: Public Company:- It is a separate entity and in that capacity can borrow from banks, bondholders,…

Q: In which of the following business organization the owners could only lose the money they invested…

Q: owners have no personal liability under which legal business structure? a. corporation b. a…

A: Sole proprietorship: It is one form of simple business that is owned and maintained by a single…

Question

Which of the following business organization is owned by two or more persons?
O a. Company
O b. Sole proprietorship
O c. Partnership
O d. Corporation.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Owners have no personal liability under which legal business structure? A. a corporation B. a partnership C. a sole proprietorship D. There is liability in every legal business structure.
Which type of business organization is owned by only one owner? a. Corporation b. Partnership c. Sole proprietorship d. Items a, b, and c are all correc
Which type of business organization is owned by only one owner? Corporation Partnership Sole proprietorship Items a, b, and c are all correct.
Which type of financial structure primarily involves one person owning a business? Group of answer choices Partnership Corporations Sole Proprietorship Limited Partnership
The following describe several different business organizations. Determine whether each description bestrefers to a sole proprietorship (SP), partnership (P), corporation (C), or limited liability company (LLC). AJ Company pays a business income tax and has two owners.
Determine whether each describes a sole proprietorship, a general partnership, or a corporation. Note that a characteristic may apply to more than one type of business structure. : View the image for the table to help answer.
Compare and contrast the three types of business organizations (Sole proprietorship, Partnership, and Corporation) with respect to the following items:(1) ownership, (2) liability, and (3) capitalization.
Differentiate the SCE (Statement of Changes in Equity) of a sole proprietorship, a partnership and a corporation.
Of the following forms of business organization, which have stockholders with limited liability? a) limited partnerships b) partnerships c) corporations d) proprietorships
In which legal business relationship two or more people agree to share ownership and management of a business. a. None of these b. Corporation c. Sole proprietorship d. S Corporation Clear my choice
The following describe several different business organizations. Determine whether each description best refers to a sole proprietorship (SP), partnership (P), corporation (C), or limited liability company (LLC).
The following describe several different business organizations. Determine whether each description bestrefers to a sole proprietorship (SP), partnership (P), corporation (C), or limited liability company (LLC). IBC Services does not have separate legal existence apart from the one person who owns it.