A sole proprietorship with unlimited liability and full control over daily operations is one
form of business ownership.
22. If a corporation earns a profit, dividends must be paid.
23. A sole proprietorship produces only one good.
24 Less than 10 percent of U.S. citizens own corporate stock.
25. Almost one-half of corporate stock in the United States is owned by people whose
annual income exceeds $100,000.
26. Sole proprietorships are permitted to operate in only one country.
27. More businesses in the United States are organized as partnerships than as
28. The sheer number of corporations vastly outnumbers proprietorships in the United States.
29. A bondholder is a stockholder who owns bonds.
30. A major advantage of the corporate form of business organization is the added decision-
making authority of the owners.
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