Which one of the following statements concerning a sole proprietorship is correct?
Refer to section 1.2
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22.
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Which of the following individuals have unlimited liability based on their ownership interest?
I. general partner II. sole proprietor III. stockholder IV. limited partner
Refer to section 1.2
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23.
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Which one of the following best describes the primary advantage of being a limited partner instead of a general partner?
Refer to section 1.2
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24.
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A general partner:
Refer to section 1.2
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25.
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A limited partnership:
Refer to section 1.2
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