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1. All of the following are characteristics of a sole proprietorship except: a. a business owned by one person. b. owner has control of the business. c. a separate legal entity. d. small owner-operated business. 2

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1. All of the following are characteristics of a sole proprietorship except:
a. a business owned by one person.

b. owner has control of the business.

c. a separate legal entity.

d. small owner-operated business.

2. All of the following are characteristics of a corporation except:

a. a separate legal entity.

b. ownership evidenced by shares of stock.

c. produce eight times more revenue than sole proprietorships and partnerships in the United States.

d. owners have unlimited liability.

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