solution

Jane is the president of a business. She
runs the business on a daily basis and makes all of the decisions because she
has ten years of experience in this business. There are ten other owners in
this business, but they have no say in how this business is being run. Jane’s
business is probably organized as a

A) sole proprietorship.

B) Subchapter S. corporation.

C) limited partnership

D) corporation.

E) partnership.

16) Carl, Anne, and Al
were friends in college. After graduation they decided to open a company that
sells computer printer ribbons and cartridges. They each have $20,000 to put
into the business, and want equal shares of the business. They are not worried
about liability because they are not actually going to work on printers or work
in their customer’s place of business. They also want to avoid double taxation.
The most likely form of business organization for them would be a

A) liaruited partnership

B) Subchapter S corporation.

C) partnership

D) sole
proprietorship.

E) corporation