| A | B |
|---|
| Corporations are the most numerous legal form of business organization | False |
| A corporation has an existence that is separate from the real persons who own it. | True |
| A partnership ends if one partner withdraws or dies. | True |
| A corporation is an association of two or more persons to carry on a business for profit. | False |
| A person who invests in a corporation runs the risk of losing all of their personal worth. | False |
| The owner of a sole proprietorship has relatively unlimited control over the business. | True |
| Corporations usually have greater financial strength than do other forms of business organizations | True |
| The owner of a sole proprietorship must obtain a charter from the state. | False |
| General partners share all profits and losses equally. | True |
| The personal property as well as all of the business property of a proprietor may be seized in case of breach of contract. | True |
