Does a Sole Proprietor Have Unlimited Liability for Any of the Liabilities

question 31

Multiple Choice

Does a sole proprietor have unlimited liability for any of the liabilities of the business?

• A) No.
• B) Yes,but only for ordinary recurring types of expenses.
• C) Yes,but only for foreseeable expenses and liabilities.
• D) Yes,but only for debts if the owner specifically assumed personal liability when the debt was incurred.
• E) Yes,for all debts of the business.

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Definitions:

Information Technology Management

Refers to the process of overseeing all matters related to information technology operations and resources within an organization.

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting its workforce.

Transactional Work

Routine, day-to-day tasks that support the basic operations of a business, typically requiring less creativity and more process-oriented skills.

HR Department

The department within an organization responsible for activities related to employees, including hiring, training, compliance, and benefits.