Examlex
Which of the following statements about listening and remembering is FALSE?
Proprietorship
A business owned and operated by a single individual, characterized by the simplicity of setting up and the sole responsibility for any of its debts or liabilities.
Financial Difficulty
A situation where an individual, business, or government faces challenges in meeting its debt obligations or managing its monetary affairs.
Bankruptcy
A legal process where individuals or organizations declare their inability to pay off their debts.
Sole Proprietorship
A firm with a single owner who has the right to all profits but who also bears unlimited liability for the firm’s losses and debts.
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