In the space provided, indicate by letter, the characteristics that are associated with the following forms of business organization. a.Corporation b.Partnership c.Proprietorship 21.Has...

In the space provided, indicate by letter, the characteristics that are associated with the following forms of business organization.

a.Corporation

b.Partnership

c.Proprietorship

21.Has legal identity separate from owners

22.Has only one owner

23.Owners have limited liability

24.Owners have right of mutual agency

25.Organization must pay taxes on its income

26.About 70% of U.S. firms have this form

27.Subject to moral hazard

28.Organization with more than one owner but without legal identity from its owners