Chapter 28

Question 1

Does in the limited partnership, the limited partners can sell their interests at any time without consent of the general partners

Answer 1

Yes

Question 2

Does a general partner cannot sell any interest unless specified in the partnership agreement

Answer 2

Yes

Question 3

Does in a proprietorship, the entrepreneur has the right to sell any assets.

Answer 3

Yes

Question 4

Does in a corporation shareholders may transfer their shares at any time.

Answer 4

Yes

Question 5

Does in the S Corporation, the transfer of interest can occur only as long as the buyer is an individual

Answer 5

Yes

Question 6

Does for a proprietorship, any new capital can only come from loans or by additional personal contributions

Answer 6

Yes

Question 7

Can failure to make payments can result in foreclosure and liquidation of the business.

Answer 7

Yes

Question 8

Does In a limited partnership the limited partners have no control over business decision.

Answer 8

Yes

Question 9

How Corporations distribute profits among stock holders

Answer 9

Dividend

Question 10

In organizations, which one is the most attractive form for raising capital

Answer 10

Corporation