ACTIVITY 01 – BUSINESS ORGANIZATION AND TRENDS

1. A. that there is unlimited liability to the owner

2. A. avoids the double taxation of earnings and dividends found in the corporate
form of organization
3. D. all of the above
4. B. Partnership
5. C. General partnership
6. D. unlike shareholders, general partners may have liability beyond their capital
balances
7. C. must have at least one general partner