Which One of the Following Is Not a Characteristic of a Sole

question 30

Multiple Choice

Which one of the following is not a characteristic of a sole proprietorship?

• A)Easy formation
• B)No dilution of profits
• C)Limited life
• D)Limited liability

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Definitions:

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.