Run the ownership gates

Exercise and reference answers

Questions

1. Correct

   Sole trader

   Choices

   1. Sole trader
   2. Corporation
   3. Neither

2. Correct

   Corporation

   Choices

   1. Sole trader
   2. Corporation
   3. Neither

3. Correct

   Unlimited

   Choices

   1. Unlimited
   2. Limited
   3. Neither

4. Correct

   Limited

   Choices

   1. Unlimited
   2. Limited
   3. Neither

5. Correct

   Horizontal

   Choices

   1. Horizontal
   2. Vertical
   3. Conglomerate

6. Correct

   Vertical

   Choices

   1. Horizontal
   2. Vertical
   3. Conglomerate

Instructions

Pick the form, then the liability, then the merger type.

Explanation