Which of the following legal forms of business is owned and usually operated by a person who is responsible for its debts? Select one: a. Corporation b. Cartel c. Sole proprietorship d. General partnership e. Limited partnership

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Q: PART 1.) Please list 2 Sole Proprietorship companies that you know of. What do they sell and where?…

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Q: charge all his personal expenses to his business. He said that he owns the company anyway.

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A: The primary objective to do business is to earn profit.

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Q: Discuss how using debt ratios applies to your personal finances. 3. What does the P/E ratio or EPS…

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Q: Determine whether each describes a sole proprietorship, a general partnership, or a corporation.…

A: The answers are provided below:

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