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Which one of the following is not a characteristic of a sole proprietorship?
Manufacturing Overhead Costs
Expenses related to the production process that are not directly tied to a specific product, including rent, utilities, and salaries of management.
Work in Process
Goods that are in various stages of the production process but are not yet complete.
Expected Cost
The predicted expense associated with producing a good or executing a plan.
Units Sold
The quantity of product sold in a specific period, often used as a measure of business performance.
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