Chapter 9 - Entrepreneurs and Business Organizations

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What is the role of silent partners in a limited partnership

They contribute capital but are not involved in day-to-day operations

Which statement is true of all entrepreneurs

They take a risk.

One advantage of a partnership over a soul proprietorship is that a partnership

can get credit more easily

Which of these is a disadvantage of turning a partnership into a corporation

loss of control

Which form of business organization is most common

sole proprietorship


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