Mgt 8803 week 1 Study guides, Class notes & Summaries
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MGT 8803 Week 1 Questions and Answers 100% Pass
- Exam (elaborations) • 13 pages • 2023
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MGT 8803 Week 1 Questions and Answers 100% Pass A business owned by a single owner proprietorship 
A business owned by more than one owner partnership 
In ___ & ___, the business and the owner(s) are legally one entity - there is unlimited liability and no taxation. proprietorship and partnership 
What does unlimited liability mean? The obligations of the business are the same as the obligations of the owners; i.e., a bank can go after the owners if the business defaults on its loan 
What does ...
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MGT 8803 Week 1 practice test with correct answers
- Exam (elaborations) • 8 pages • 2023
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MGT 8803 Week 1 practice test with correct answers
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MGT 8803 Week 1 EXAM WITH COMPREHENSIVE SOLUTIONS
- Exam (elaborations) • 6 pages • 2024
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A business owned by a single owner - ANSWER proprietorship 
A business owned by more than one owner - ANSWER partnership 
In ___ & ___, the business and the owner(s) are legally one entity - there is unlimited 
liability and no taxation. - ANSWER proprietorship and partnership 
What does unlimited liability mean? - ANSWER The obligations of the business are the 
same as the obligations of the owners; i.e., a bank can go after the owners if the 
business defaults on its loan 
What does "no taxat...
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MGT 8803 Week 1(Introduction to Financial Accounting) questions with complete solutions
- Exam (elaborations) • 6 pages • 2023
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A business owned by a single owner correct answer: proprietorship 
 
A business owned by more than one owner correct answer: partnership 
 
In ___ & ___, the business and the owner(s) are legally one entity - there is unlimited liability and no taxation. correct answer: proprietorship and partnership 
 
What does unlimited liability mean? correct answer: The obligations of the business are the same as the obligations of the owners; i.e., a bank can go after the owners if the business default...
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Exam (elaborations) MGT8803
- Exam (elaborations) • 6 pages • 2023
-
- $7.99
- + learn more
A business owned by a single owner - ANSWER proprietorship 
A business owned by more than one owner - ANSWER partnership 
In ___ & ___, the business and the owner(s) are legally one entity - there is unlimited 
liability and no taxation. - ANSWER proprietorship and partnership 
What does unlimited liability mean? - ANSWER The obligations of the business are the 
same as the obligations of the owners; i.e., a bank can go after the owners if the 
business defaults on its loan 
What does "no ta...
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