Which one of the following business types is best suited to raising large amounts of capital?

Corporate bylaws:    A.  must be amended should a firm decide to increase the number of shares authorized. B.  cannot be amended once adopted. C.  define the name by which the firm will operate. D.  describe the intended life and purpose of the organization. E.  determine how a corporation regulates itself. Refer to section 1.2

32.

Which one of the following characteristics applies to a limited liability company?    A.  available only to firms having a single owner B.  limited liability for limited partners only C.  taxed similar to a partnership D.  taxed similar to a C corporation E.  all income generated is totally tax-free Refer to section 1.2

33.	Which one of the following business types is best suited to raising large amounts of capital?    A.  sole proprietorship B.  limited liability company C.  corporation D.  general partnership E.  limited partnership Refer to section 1.2

34.	Which type of business organization has all the respective rights and privileges of a legal person?    A.  sole proprietorship B.  general partnership C.  limited partnership D.  corporation E.  limited liability company Refer to section 1.2