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Please help me with my finace class!!!?


Sage Lee is taking this assessment.
1. Which of the following is not one of the three types of business arrangements in the United States? (1 point)
Sole proprietorship
Partnership
Sole partnership
Corporation
2. With a sole proprietorship, who pays the taxes? (1 point)
The shareholders
The company
Both the shareholders and the owner
The owner
3. Which of the following would not be considered an advantage of a sole proprietorship? (1 point)
Decisions can be made quickly without having to consult others.
A proprietor is also responsible for his or her own health insurance.
There are no legal formalities if the business dissolves.
A) All of the profits from the business go right to the owner.
4. What can a proprietor do to minimize personal risk and liability? (1 point)
Change his/her name
Form a limited liability proprietorship
Form a limited liability partnership
Form a limited liability company
5. Why are partnerships often favored over corporations?
(1 point)
They have more power.
They are more successful.
There are no taxes levied on profits.
A partnership structure eliminates the dividend tax levied upon profits realized by the owners.
6. What are the two types of partnerships?
(1 point)
Limited and sole
Genral and private
Limited and general
Private and limited
7. Which of the following would not be considered an advantage of a partnership?
(1 point)
A partnership usually involves low start-up costs.
Each general partner is deemed the agent of the partnership.
It鈥檚 easy to form a partnership.
You can share the responsibilities with your partners.
8. As a generic legal term, ___________ means any group of persons with a legal entity.
(1 point)
Corporation
Business
Partnership
Proprietorship
9. Who regulates a corporation?
(1 point)
the government of the state, province, or national government with which it is registered
the bondholders
the corporation's founders
the corporation's union
10. Which of the following is not a legal characteristic of a corporation?
(1 point)
Transferable shares
Perpetual life
Limited liability
Legal protection from law suits

FINACE CLASS?

8- Corporatin

None of these answers were provided in the class you took or the reading you were supposed to do? What kind of class are you taking? I'd ask your school for a refund.

Why doesn't anyone want to do their own work anymore? I hope you didn't have to type all that in.

1 Sole proprietorship corporation. -A sole proprietorship is an individual owning a company. 2 The owner. 3, There are no formalities if the business disolves. 4. form an LLC 5. A partnership pays no dividend tax. 6 limited and general, 7. You share responsibilities with your partners. 8. partnership 9. the state province or government it is registered with, 10 Legal protection from lawsuits
This is all basic. go back and read the chapter. You need to know this material.

1. sole partnership
2. the owner
3. A proprietor is also responsible for his or her own health insurance.
4. Form a limited liability company
5. A partnership structure eliminates the dividend tax levied upon profits realized by the owners.
6. Limited and general
7. Each general partner is deemed the agent of the partnership.
8. Business
9. the government of the state, province, or national government with which it is registered
10. Legal protection from law suits

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