MIDTERM EXAMINATIONSpring 2010
MGT201- Financial Management (Session - 5)
Time: 60 min
Marks: 44
Question No: 1 ( Marks: 1 ) - Please choose one
Which of the following statements is correct for a sole proprietorship?
► The sole proprietor has limited liability
► The sole proprietor can easily dispose of their ownership position relative to a shareholder in a corporation
► The sole proprietorship can be created more quickly than a corporation
► The owner of a sole proprietorship faces double taxation unlike the partners in a partnership
