Question

pregunta 49 (2 puntos)
one disadvantage of a sole proprietorship is unlimited liability, which means what?
○ a the stockholders are completely responsible for things that go wrong
○ b the owner is completely responsible for things that go wrong
○ c the stockholders and owner share responsibility for things that go wrong
○ d the owner is not responsible for things that go wrong

pregunta 50 (2 puntos)
a corporation that offers shares of stock for the general public to buy is called a/an ____.
○ a public company
○ b private company
○ c formal company
○ d traded company

Explanation:

For Question 49: Unlimited liability in a sole proprietorship means the owner bears full responsibility for business debts/obligations.
For Question 50: A public company sells shares to the general public, unlike private companies which do not.

Answer:

b. the owner is completely responsible for things that go wrong
a. public company