šŸ·ļø LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION ā†’
Log in
HomeStudy Guides420,000US230,000

BUS 1000 final: test_4docx

14 views31 pages
melissab20178
13 May 2023
School
Baruch College
Department
Business Administration and Policy
Course
BUS 1000
Professor

For unlimited access to Study Guides, a Grade+ subscription is required.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents

BUS 1000
Final Exam
Study Guide
BUS 1000 Study Guide - Final Guide: Vestment, Leveraged Buyout, Limited Liability
greencod883
BUS 1000
Final Exam
Study Guide
BUS 1000 Final: BUS_2000_FINAL_EXAM_STUDY_GUIDEdocx
melissab20178
MGM102H5
Final Exam
Study Guide
MGM102H5 : Ch. 6 study guide
emeralddog909

Related Questions

In a sole proprietorship, the profits earned by the business are:
Ā 
A. taxed as income for the business, but exempt from the personal income tax paid by the owner.
Ā 
B. taxed at the lowest corporate rate.
Ā 
C. the property of the owner, except for taxes owed to the government.
Ā 
D. tax-free if the appropriate exemption is filed with the local government.

Partnerships refer to more than one owner. A limited partnership ______________.
a) consists of general partners and limited partners, at least one of each
b) is a shadow firm for a much larger corporation. It is like a shell company to dispose of risky assets
c) is taxed similar to a corporation, whereas a general partnership is taxed like a sole proprietorship
d) is limited by the number of partners allowed. There can only be a total of 10 partners actively involved in the business

What is a sole proprietorship?