BSNS114 Exam Study Guide with Questions and 100% Correct Answers
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Course
BSNS114
Institution
BSNS114
Advantages of sole proprietorship - Answer Simple, inexpensive, no sharing of profits,
taxed as personal income
Disadvantages of sole proprietorship - Answer Limited capital, costly to transfer
ownership, unlimited liability
Advantages of partnership - Answer Two or more owners, more capital, e...
BSNS114 Exam Study Guide with Questions
and 100% Correct Answers
Advantages of sole proprietorship - Answer Simple, inexpensive, no sharing of profits,
taxed as personal income
Disadvantages of sole proprietorship - Answer Limited capital, costly to transfer
ownership, unlimited liability
Advantages of partnership - Answer Two or more owners, more capital, easy to start,
taxed as personal income
Disadvantages of partnership - Answer Unlimited liability, dissolves when a partner dies
or wished to sell, difficult to transfer ownership
Advantages of corporation - Answer Separate from owners legal entity, easy transfer of
ownership, limited liability
Disadvantages of corporation - Answer Separation of ownership and management can
create conflict
Time value of money - Answer Money today is worth more than the same amount in the
future
Time value of money is due to: - Answer Potential earning capacity
Determinant of growth of money - Answer Interest rate
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