Which of the Following Statements Is True About Creating a Sole

question 69

Multiple Choice

Which of the following statements is true about 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:

Chromosomes

Long strands of DNA housed in the nucleus of a cell, which carry genes and function in the transmission of genetic information.

Ribosomes

Cellular structures responsible for protein synthesis in living organisms.

Nucleotides

Organic molecules that serve as the building blocks of nucleic acids, like DNA and RNA, each composed of a base, a sugar, and a phosphate group.

Rhizomes

A type of underground stem that sends out roots and shoots from its nodes, often used in plant reproduction.