It Is Illegal for Sole Proprietors to Run Their Business

question 90

True/False

It is illegal for sole proprietors to run their business by deducting business expenses from their business incomes.

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Definitions:

Per Unit

A term that describes costs or revenues on a single unit basis.

Variable Costs

Expenses that directly fluctuate in proportion to the production or service activity level.

Activity

Any action or operation within a business or process.

Committed Fixed Costs

Long-term fixed costs that an organization has committed to, which are not easily changed, such as lease payments or insurance costs.