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

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: Explain a) Business Entity Principle b) Going Concern Principle c) Historical Cost Principle

A: Business entity principle is an accounting principle that signifies the person who owns the…

Q: In the context of the various forms of business ownership, discuss the two basic types of…

A:

Q: Which type of business organisation has a separated legal entity from its owners, and the owners are…

A: A. Limited Liability Company (LLC) A Limited Liability Company (LLC) is a cross between a…

Q: The concept of an "artificial being" refers to which form of business organization? a. Partnership *

A: Business generally means a state of making a person engaged for earning livelihood. Artificial in…

Q: What type of business is owned and funded by a single person who may or may not be involved in…

A: Business can be run in many form depending upon the formation and number of person involved.

Q: Which form of business organization is characterized by having the shortest start-up time and lowest…

A: Option C: proprietorship Proprietorship means a business or firm or enterprises etc which owned by…

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: The concept of separate legal entity is applicable to which of the following types of businesses?…

A: We have the following question: The concept of separate legal entity is applicable to which of the…

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: he entity that obtains control over another business in a business combination called the

A: Consolidated financial statements: When an investor company holds above 50% in the outstanding stock…

Q: Which type of business organization is owned by only one owner? Corporation Partnership Sole…

A: Find the business organization that is owned by only one owner:

Q: Explain common forms of business ownership—sole proprietorship, partnership, and corporation—and…

A: A sole-proprietorship is one that has one owner who has unlimited liability for the business. A…

Q: Which of the following entity owners cannot participate in the management of an entity? a. A general…

A: A general partner in a general partnership can participate in the management of an entity. A limited…

Q: Which type of business organization is owned by only one owner? a. Corporation b. Partnership c.…

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

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: partnership

A: Form of Business :- Sole proprietorship :- Partnership :- Limited liability partnership :- Companies…

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: How can the separate entity concept benefit each of the ff: A. creditors B. consumers  C.…

A: This concept of accounting means that the owners of business need to ensure that it records…

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: All of the following are self-employment income except   A) net income of a sole proprietorship.…

A: SOLUTION- SELF EMPLOYED INCOME IS EARNED FROM CARRYING ON BUSINESS OR TRADE AS A SOLE PROPRIETOR ,…

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: Corporation

A: Bank Muscat LLC is an example of which of the following forms of business organization? Correct…

Q: Stockholders are of the business. of a corporation. Common stockholders have the right to vote on…

A: Company needs various type of sources in order to raise finance for the business. Issue of shares is…

Q: Which of the following is NOT a form of ownership that the entrepreneur should consider? a. Sole…

A: Partnership can be defined as an agreement in which two or more parties agrees to share profits and…

Q: In which legal business relationship two or more people agree to share ownership and management of a…

A: Correct Option is A - None of these Partnership is a  legal business relationship two or more people…

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: Which type of business will most likely have problems with insufficient funds for business?…

A: Business formation is a procedure through which an individual and group can start manufacturing…

Q: Refer to Chapter 11-1A, page 619: Characteristics of sole proprietorships, partnerships, and…

A: Proprietorship is that form of business which is being held by single person. Partnership is the…

Q: When the management of a business is conducted by individuals other than the owners, the business is…

A: There are four types of business organizations , they are;  1.sole proprietors 2. partnership 3.…

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: ot one of the three forms of business organization? Corporations. Partnerships.

A: The right answer  is option 5. Investors

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: Financial accounting shows the result of the collective activities of the business. Select one: O…

A: Financial accounting is accounting for the financial data and preparation and presentation of…

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…