Economics Ch. 8 Study Guide

1. What kinds of liabilities are sole proprietors subject to?
2. Why are many sole proprietors unable to offer advancement and fringe benefits?
3. Why does government allow natural monopolies?
4. How do general partnerships, limited partnerships and limited liability partnerships differ?
5. What are the disadvantages of partnerships?
6. How does a corporation differ from a sole proprietorship or partnership?
7. What information is required in a certificate of incorporation?
8. Why must stockholders pay taxes on dividends?
9. How do horizontal mergers, vertical mergers and conglomerates differ?
10. How might a corporation benefit by being multinational?

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