Which of the Following Is True of Creating a Sole

question 1

Multiple Choice

Which of the following is true of creating a sole proprietorship?

• A)No state government approval is required.
• B)Federal taxation is levied upon sole proprietorship.
• C)No licenses are required to do business within a city or state.
• D)Special permission must be obtained to receive a sole proprietorship status.

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Definitions:

Market Culture

An organizational culture focused on competitive positioning and meeting market needs, characterized by a strong emphasis on results and customers.

Cultural Context

The environment of social behaviors, traditions, and beliefs that surround a particular subject or community.

Sequence

A specific order in which events, movements, or things follow each other.

Chronological Context

The sequence of events in time, providing a framework for understanding the historical or temporal setting.