MIE 201
North Carolina State University
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MIE 201 Exam 2: Chapters 4, 5, 8 NCSU, Top Exam Questions and answers, 100% Accurate. VERIFIED.
- Exam (elaborations) • 26 pages • 2023
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MIE 201 Exam 2: Chapters 4, 5, 8 NCSU, Top Exam Questions and answers, 100% Accurate. VERIFIED. 
 
 
3 types of business ownership - -- sole propreitorship 
- partnership 
- corporation 
 
sole proprietorships - -- businesses owned by one individual 
- the most common form of business organization in the United States 
- easiest and least expensive form of business to start 
- ex: tutoring/bookkeeping/landscaping etc... 
 
sole proprietorship advantages - -- simplicity 
- single layer of taxatio...
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