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:

Seller

An individual or entity that offers goods or services for sale to consumers or other businesses.

Consumer Feedback

Opinions or responses from customers about a company's products or services, used to improve quality and customer satisfaction.

Wasted Coverage

The portion of advertising or marketing efforts that reach an audience outside the target market, leading to inefficiency and unnecessary expense.

Inconsistency

The state of being inconstant or not remaining the same throughout, which can lead to unpredictability or lack of reliability.