What are advantages of proprietorship and partnership (mark all that applies)difficulty in raising capital fundssimplerdifficulty in transferring ownershipless regulationоосоооlimited lifeunlimited liabilitythe owners are also the managers (thus, there is no the agency problem)sometimes personal tax rates are better than corporate tax rates

Proprietorship is the owner of the business which is single handedly own by a single person.…

Answered: What are advantages of proprietorship…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Assume you are the chief executive officer (CEO) of a large technology-intensive hospital in a community of 200,000 people that includes two other smaller community hospitals and a wide range of physicians and other providers working in private practice. Currently, you are paid by Medicare—the federal insurance program for the elderly—for a fixed amount for every admission to your hospital and based on the severity of the patient’s needs. Physicians and other providers in your community are paid fee-for-service. The federal government has just made an offer to your community that it form an accountable care organization (ACO) that could accept a capitated annual payment for each person eligible for Medicare. How would you go about deciding whether to accept that offer? Would you want to lead that ACO or just be a part of it? Why? Would you argue against accepting the federal offer? Why or why not? How might you change the way care currently is organized in your community, given the…
Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held Professional
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Which are advantages of sole proprietorship? (Check all that apply) Profits go to the owner Unlimited liability Unstable business life Direct control of the business Personal time commitment
24
One of the disadvantages of owning a corporation is that Multiple Choice O you will likely experience personality conflicts or other disagreements among partners. you must publicly disclose financial information. you will need discipline, putting the company's needs before your own desires. may have limited financial resources and few fringe benefits. creditors will not be able to hold you personally responsible for the corporation's debts.
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