Question 13 2.5 pts
The sole proprietor has all of the following advantages, EXCEPT
Group of answer choices
choice of how to pay federal and local taxes.
choice of location for the business.
choice of product to be sold.
choice of retirement plan.
choice of services to be offered.
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Question 14 2.5 pts
The form of business ownership that involves double taxation and limited liability for the owners is the
Group of answer choices
corporation.
limited partnership.
partnership.
sole proprietorship.
Subchapter S corporation.
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Question 15 2.5 pts
Which of the following is true for a Limited Liability Company (LLC)?
Group of answer choices
Business income is taxed at the corporate rate.
Business income is taxed at the individual's personal rate.
The company is limited in its liability.
The owners have unlimited liability.
None of these.
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Question 16 2.5 pts
SWOT is an acronym which stands for
Group of answer choices
Strengths, Weaknesses, Obligations, and Threats.
Strengths, Weaknesses, Opportunities, and Threats.
Strengths, Weaknesses, Opportunities, and Troubles.
Strengths, Working capital, Obligations, and Threats.
Strengths, Working capital, Opportunities, and Threats.
