Question

Choose the statements that CORRECTLY describe a business organization.

choices

Sole Proprietorships and Partnerships both have unlimited liability.

Corporations are owned by 100 or more people.

Corporations are generally subject to greater government oversight.

Sole Proprietorships are not common because forming them is complicated.

A disadvantage to partnerships is that profits are divided between many shareholders.

An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.

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Answer 1

A, C, and F. Simple.

Step-by-step explanation:

Answer 2

Sole Proprietorship and Partnerships both have unlimited liability.

An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.

Step-by-step explanation:

A disadvantage of both sole proprietors and partnerships business is having unlimited liability because if the sole proprietors and partnership businesses loss, they have to pay the debt by selling their assets.

Corporations cannot be dissolved if any director or executive officer dies, and owners are liable up to that portion they have invested for the corporation.