Which of the Following Is True About Proprietorship

question 27

Multiple Choice

Which of the following is true about proprietorship?

• A) It is frequently used in finance, insurance, and real estate.
• B) It is the most popular form of business in the United States.
• C) The owner of the business has to share the profits with his partner.
• D) It is owned by two persons who have unlimited liability for its debts and obligations.

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Definitions:

Social Service

Public or private organized efforts to help meet the needs of vulnerable populations and improve social welfare.

Practical Application

The use of theoretical knowledge in real-world scenarios to solve problems or achieve specific outcomes.

Pure And Impure

Terms often used in religious or social contexts to distinguish between what is considered morally upright, clean, or acceptable and what is not.

Sunni And Shiite

Two principal branches of Islam, differing in religious practices, beliefs, and interpretations of law, arising from a dispute over the rightful successor to Muhammad.