What advantage does sole proprietorship have over corporations?
group of answer choices
owners of sole proprietorships do not pay corporate taxes on company profits.
owners of sole proprietorships do not have to pay any taxes on company profits.
owners of sole proprietorships cannot be sued for their company's wrongdoing.
owners of sole proprietorships cannot be held responsible for their company's debts.
question 2 1 pts
which statement correctly compares the three main forms of business organizations?
group of answer choices
generally, the government regulates corporations more than partnerships and sole proprietorships.
corporations are generally easier to form than partnerships and sole proprietorships.
corporations generally have a shorter lifespan than partnerships and sole proprietorships.
generally, it is more difficult for corporations to raise capital than partnerships and sole proprietorships.
question 3 1 pts
with regard to corporations, to what does "limited liability" refer?
group of answer choices
if a corporation cannot pay its debts, the assets of the owners are protected from creditors.
if a corporation cannot pay its debts, the government insures the investments of the owners.
if a corporation fails, investors are able to sue the owners to recover a portion of their money.
if a corporation fails, the government will purchase the company if it is important to the economy.
question 4 1 pts
in what market structure does a business firm have no non-price competition?
group of answer choices
monopoly
oligopoly
monopolistic competition
none of the above
question 5 1 pts
which market structure has the highest barriers to entry?
group of answer choices
monopoly
monopolistic competition
oligopoly
perfect competition
question 6 1 pts
in which type of market structure do multiple producers produce identical goods that can be easily substituted for one another?
group of answer choices
pure competition
oligopoly
monopoly
monopolistic competition
question 7 1 pts
look at the pie chart illustrating the different web browsers that were used to access a particular website in one month. then answer the question that follows.
browsers
what does the chart represent?
group of answer choices
oligopoly
market failure
monopoly
pure competition
question 8 1 pts
with regard to corporations, to what does "double taxation" refer?
group of answer choices
both the company's profits and the shareholders' dividends are taxed.
both the company's profits and the owners' personal income are taxed.
both the company's total revenue and the shareholders' dividends are taxed.
both the company's total revenue and the owners' personal income are taxed.
question 9 1 pts
why might the owner of a new technology business decide to incorporate her company as a corporation rather than operating as a sole proprietorship?
group of answer choices
she wants to raise capital by selling stock in her company.
she wants to simplify the tax process for her company.
she wants to maintain complete control over her company.
she wants to hire employees to work for her company.
question 10 1 pts
note: this is a multi-select question. select all correct answers (there may only be one).
which type of business organization has the highest level of risk in starting a business?
group of answer choices
sole proprietorship
conglomorate
corporation
partnership
limited liability corporation