Business Types

A business that stocks products and sells to Retailers is called a Wholesaler.
1. True
2. False
Businesses that sell directly to Consumers are called Manufacturers.
1. True
2. False
A business that issues stock and is made up of many owners is called a Sole Proprietorship.
1. True
2. False
An LLC (Limited Liability Company) is a business structure that combines the benefits of a corporation and partnership.
1. True
2. False
When selecting a form of business organization tax consequences are a minor concern.
1. True
2. False
The Owner of a Sole Proprietorship is personally liable for the debts of his or her business.
1. True
2. False