17. An engineer runs a consulting practice alone and is personally responsible for all debts.
This structure is:
A. Corporation
B. Partnership
C. Sole proprietorship
D. Limited liability partnership
18. Two engineers share ownership and profits of a firm but have unlimited liability.
This structure is:
A. Corporation
B. Partnership
C. Joint venture
D. Cooperative
19. A consulting engineering firm wants to limit personal liability of its owners.
Which structure is most suitable?
A. Corporation
B. Sole proprietorship
C. Partnership
D. Informal association
20. A corporation differs from a partnership because it:
A. Cannot enter contracts
B. Has separate legal identity
C. Cannot employ engineers
D. Cannot be sued
Answers:
17 C
18 B
19 A
20 B
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