单选题 A sole proprietor who wants to keep all decision-making power should choose:

A、 Partnership
B、 Corporation
C、 Sole proprietorship
D、 Limited liability company
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单选题 A general partner in a partnership can:

A、Not bind the partnership to contracts
B、Enter into contracts on behalf of other partners
C、Only act with court approval
D、Never make decisions

单选题 The ease of raising capital in a corporation comes from the ability to:

A、Avoid all borrowing
B、Sell stock in addition to borrowing
C、Print money
D、Ignore investors

单选题 A corporation is described as an "artificial person" because it:

A、Has physical body
B、Is created by law and exists separately from owners
C、Cannot own property
D、Must have 100 owners

单选题 Which partnership type has at least one partner with unlimited liability and one with liability limited to investment?

A、General partnership only
B、Limited partnership
C、Sole proprietorship
D、Closed corporation

单选题 In a sole proprietorship, all profits are:

A、Shared with employees
B、Taxed twice
C、The personal earnings of the owner
D、Paid to the government

单选题 Which of the following is a disadvantage of a corporation?

A、Perpetual life
B、Limited liability
C、Double taxation
D、Ease of transfer

单选题 A key disadvantage of sole proprietorship regarding management is:

A、Too many managers
B、Limited management skills -- owner does everything
C、No decision-making freedom
D、Mandatory board of directors

单选题 Which business form has the highest level of government regulation and paperwork?

A、Sole proprietorship
B、General partnership
C、Corporation
D、Limited partnership