Which of the Following Statements Is True of a Sole

question 35

Multiple Choice

Which of the following statements 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:

Continuity-Discontinuity Controversy

A debate in developmental psychology regarding whether human development progresses smoothly and gradually (continuity) or through distinct stages (discontinuity).

Cohort Effect

Differences between age groups that arise not necessarily from aging but from the unique social and environmental influences affecting those groups during their developmental periods.

Time Lag

The delay between the initiation of an action or process and its effect or outcome.

Standardized Test

A test in which an individual’s score is compared to the scores of a group of similar individuals.