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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