Which of the Following Is True of a Sole Proprietorship

question 29

Multiple Choice

Which of the following is true of a sole proprietorship?

• A) A business operated under sole proprietorship cannot be transferred.
• B) Large businesses cannot be operated under sole proprietorship.
• C) A business operated under sole proprietorship should be owned by one or more people of the same family.
• D) Creditors can recover claims against the business from the sole proprietor's personal assets.

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Definitions:

Men

Men typically refers to adult male humans, but in specific contexts, it might denote attributes or roles traditionally associated with the male gender.

Emotional Support

Refers to expressions of empathy, love, trust, and care, which play a critical role in helping individuals deal with stress and challenging situations.

Friendship

A social bond characterized by mutual affection, trust, and support between individuals.

Generosity

The quality of being kind and generous, characterized by a willingness to give freely and help others without expecting anything in return.