A Single Proprietorship Is a Form of Business Organization Which

question 126

Multiple Choice

A single proprietorship is a form of business organization which

• A)has one owner-manager who is personally responsible for the firm's actions and debts.
• B)has a single owner but has directors who are responsible for the firm's debts.
• C)has limited liability.
• D)has unlimited access to money capital.
• E)allows easy transferability of ownership by the trading of shares.

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