Which of the Following Statements Is Not True Regarding the Advantages

question 50

Multiple Choice

Which of the following statements is not true regarding the advantages and disadvantages of a sole proprietorship?

• A) A sole proprietorship can be created without formal agreements or state filings.
• B) The proprietor reports income from the business on a personal tax return.
• C) The proprietor alone bears liability for the losses.
• D) It is usually easy for sole proprietorships to raise capital.

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Definitions:

Age Structure

The distribution of a population by age, often visualized in a population pyramid, which helps in understanding population growth and decline dynamics.

Percentages

A mathematical concept used to express a number as a fraction of 100.

Age Level

A specific stage or period in an individual's life or development process, often used as a basis for grouping in educational or social contexts.

Life-support Systems

Systems that provide all the necessary support for life to sustain, either biologically or through technological means, in natural or artificial environments.