Question
Three Forms of Business Organization Quick Check
3 of 53 of 5 Items
Question
Corporations, limited partnerships, and limited liability partnerships differ from sole proprietorships and general partnerships in(1 point)
Responses
decision-making.
decision-making.
number of owners.
number of owners.
lifespan.
lifespan.
liability.
Answers
GPT-4o mini
Corporations, limited partnerships, and limited liability partnerships differ from sole proprietorships and general partnerships primarily in terms of **liability**. In corporations and certain types of partnerships, the owners have limited liability, meaning their personal assets are protected from business debts and liabilities. In contrast, sole proprietorships and general partnerships typically expose owners to unlimited personal liability.
So, the correct response is: **liability.**
So, the correct response is: **liability.**
Related Questions
Rational Numbers in Different Forms Quick Check 1 of 51 of 5 Items Question
Corporations Quick Check
1 of 51 of 5 Items
Question
An advantage of a corporation is that (1 p...
Data Organization Quick Check 1 of 51 of 5 Items Question Name a utility that will help achieve bett...
Political Ideologies Quick Check
2 of 52 of 5 Items
Question
What did the “leadership principle...