Which is true with regards to the disadvantages of the major business organization? * O O Unlimited liability concept always applies both to partnership and corporate form of business O Corporations are subjected to lenient regulations as opposed to a partnership form of business O Partnerships tend to have less organizational cost than corporation due to simpler structure O Partnerships' and corporations' life is always extinguished when one of the partners or corporators die
Which is true with regards to the disadvantages of the major business organization? * O O Unlimited liability concept always applies both to partnership and corporate form of business O Corporations are subjected to lenient regulations as opposed to a partnership form of business O Partnerships tend to have less organizational cost than corporation due to simpler structure O Partnerships' and corporations' life is always extinguished when one of the partners or corporators die
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Which is true with regards to the disadvantages of the major business organization? *
Unlimited liability concept always applies both to partnership and corporate form of business
O Corporations are subjected to lenient regulations as opposed to a partnership form of business
Partnerships tend to have less organizational cost than corporation due to simpler structure
O Partnerships' and corporations' life is always extinguished when one of the partners or corporators die
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