Which of the Following Is True of a Sole Proprietorship

question 99

Multiple Choice

Which of the following is true of a sole proprietorship in the United States?

• A) It is the most expensive way to create a business organization.
• B) The daily management is controlled by the owner.
• C) The transfer of ownership is a complex process.
• D) The debt of the business is shared by all stakeholders.

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Definitions:

Container Shipping

A method of shipping large quantities of goods using standardized shipping containers, facilitating efficient handling and transportation.

Technological Innovation

The introduction of new technologies or methods that improve processes, products, or services.

Globalization

denotes the process by which businesses or other organizations develop international influence or start operating on an international scale.

Transnational Corporations

Corporations that operate across multiple countries beyond their original headquarters, influencing global trade and economic trends.