5. a partnership agreement identifies the type and value of the investment contributed by each partner.\n6…

5. a partnership agreement identifies the type and value of the investment contributed by each partner.\n6. people who own shares of stock in a corporation are the owners of the corporation.\n7. a corporation’s senior officers decide how much should be paid out in dividends.\n8. a corporation pays taxes both on its income and on the amount it pays out in dividends.\n9. unlike regular corporations, an s corporation is not taxed as a business.\nmultiple choice\ndirections in the answers column, write the letter that represents the word, or group of words, that correctly completes the statement.\n1. a business that has the legal rights of a person and may have many owners is a (a) sole proprietorship, (b) partnership, (c) corporation, (d) dual partnership.\n2. a business is a sole proprietorship if it (a) is owned exclusively by one person, (b) has fewer than ten employees, (c) has the legal rights of a person, (d) all of these.\n3. an advantage of a partnership is that (a) the personal assets of partners may not be taken to pay off debts of the partnership, (b) it faces very little government regulation, (c) it is easy to raise capital, (d) it has the legal rights of a person.\n4. which of the following is not included in a partnership agreement? (a) names of the partners, (b) conditions under which the partnership can be dissolved, (c) how dividends are to be distributed, (d) rights of each partner to review accounting documents.\n5. in a corporation, each share of stock is (a) sold by a director of the company, (b) used to determine the amount of income tax, (c) a unit of ownership in the company, (d) a liability.\n6. the board of directors of a corporation (a) is responsible for the day - to - day management of the corporation, (b) determines the salaries of the corporation’s officers, (c) pays dividends to shareholders, (d) may be held liable for all company debts.\n7. a disadvantage of a corporation is (a) it is more difficult to set up than a sole proprietorship or a partnership, (b) double taxation, (c) it is subject to heavy government regulation, (d) all of these.\n8. many companies establish themselves as s corporations (a) because they lose money in their early years, (b) to avoid tedious recordkeeping procedures, (c) to avoid strict government regulation, (d) so that individual shareholders do not have to pay taxes on the profits they earn.\n9. owners of a limited liability company are known as (a) directors, (b) shareholders, (c) officers, (d) members.\nentrepreneurship: ideas in action, 6e, student edition\n© 2017 cengage learning®. may not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

5. a partnership agreement identifies the type and value of the investment contributed by each partner.\n6. people who own shares of stock in a corporation are the owners of the corporation.\n7. a corporation’s senior officers decide how much should be paid out in dividends.\n8. a corporation pays taxes both on its income and on the amount it pays out in dividends.\n9. unlike regular corporations, an s corporation is not taxed as a business.\nmultiple choice\ndirections in the answers column, write the letter that represents the word, or group of words, that correctly completes the statement.\n1. a business that has the legal rights of a person and may have many owners is a (a) sole proprietorship, (b) partnership, (c) corporation, (d) dual partnership.\n2. a business is a sole proprietorship if it (a) is owned exclusively by one person, (b) has fewer than ten employees, (c) has the legal rights of a person, (d) all of these.\n3. an advantage of a partnership is that (a) the personal assets of partners may not be taken to pay off debts of the partnership, (b) it faces very little government regulation, (c) it is easy to raise capital, (d) it has the legal rights of a person.\n4. which of the following is not included in a partnership agreement? (a) names of the partners, (b) conditions under which the partnership can be dissolved, (c) how dividends are to be distributed, (d) rights of each partner to review accounting documents.\n5. in a corporation, each share of stock is (a) sold by a director of the company, (b) used to determine the amount of income tax, (c) a unit of ownership in the company, (d) a liability.\n6. the board of directors of a corporation (a) is responsible for the day - to - day management of the corporation, (b) determines the salaries of the corporation’s officers, (c) pays dividends to shareholders, (d) may be held liable for all company debts.\n7. a disadvantage of a corporation is (a) it is more difficult to set up than a sole proprietorship or a partnership, (b) double taxation, (c) it is subject to heavy government regulation, (d) all of these.\n8. many companies establish themselves as s corporations (a) because they lose money in their early years, (b) to avoid tedious recordkeeping procedures, (c) to avoid strict government regulation, (d) so that individual shareholders do not have to pay taxes on the profits they earn.\n9. owners of a limited liability company are known as (a) directors, (b) shareholders, (c) officers, (d) members.\nentrepreneurship: ideas in action, 6e, student edition\n© 2017 cengage learning®. may not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Answer

Brief Explanations:

  1. Una corporación es una entidad legal con derechos de persona y puede tener múltiples propietarios.
  2. Una sola propiedad está全资拥有 por una persona.
  3. En una sociedad, los activos personales de los socios pueden ser usados para pagar deudas, está sujeta a regulación y no tiene derechos legales de persona, pero es difícil recaudar capital.
  4. Los dividendos no se distribuyen en una sociedad, sino en una corporación.
  5. Cada acción en una corporación es una unidad de propiedad.
  6. La junta de directores determina los salarios de los funcionarios de la corporación.
  7. Las corporaciones son más difíciles de establecer, tienen doble tributación y están sujetas a fuerte regulación.
  8. Las S - corporaciones se eligen a menudo para evitar que los accionistas individuales paguen impuestos sobre los beneficios.
  9. Los propietarios de una empresa de responsabilidad limitada son conocidos como miembros.

Answer:

  1. c. corporación
  2. a. is owned exclusively by one person
  3. a. the personal assets of partners may not be taken to pay off debts of the partnership
  4. c. How dividends are to be distributed
  5. c. a unit of ownership in the company
  6. b. determines the salaries of the corporation’s officers
  7. d. all of these
  8. d. so that individual shareholders do not have to pay taxes on the profits they earn
  9. d. members