--%>

Problem on sole Proprietorships

I have a problem in economics on Problem on sole Proprietorships. Please help me in the following question. The form of business association with the greatest potential financial liability for its owners is the: (1) Corporation. (2) Sole proprietorship. (3) Limited partnership. (4) Non-profit corporation.

What is the right answer?

   Related Questions in Microeconomics

  • Q : What is change in quantity demanded

    Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.

  • Q : Gini Coefficient in Loren Curve A Gini

    A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B.  (y) area C minus [area A + area B]. (z) [area A] / [area A + area B].

    Q : Maturity on a consol bond or perpetuity

    The yield to maturity on a consol bond or perpetuity which pays $200 annually and sells for $1000 is: (w) 5 percent. (x) 10 percent. (y) 20 percent. (z) 25 percent. I need a good answer on the topic of Econ

  • Q : Voluntary verses Involuntary Poverty

    When physically and mentally capable individuals who are born in impoverished families fail to work after they develop up but since they can rely on charity, in that case they are experiencing: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of pove

  • Q : Firms supply curve in short run

    Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).

  • Q : Price ceilings causes shortages of a

    When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

  • Q : Evalute clothing market Evalute the

    Evalute the statement. Generally People buy clothing in the city where they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is tr

  • Q : Scope of spiral and waterfall approach

    Explain the difference in changing the scope between a spiral approach and a waterfall approach?

  • Q : Define Ex-ante aggregate demand Define

    Define Ex-ante aggregate demand: This is planned or the desired aggregate demand.

  • Q : Define forward shifting of tax burden

    The greater the price elasticity of demand associate to the price elasticity of supply, then the: (i) greater the legal incidence of any tax burden. (ii) smaller the forward shifting of any tax burden. (iii) smaller the backward shift