A Sole Proprietorship Is Best Defined as a Business Owned

question 133

Multiple Choice

A sole proprietorship is best defined as a business owned by:

• A) A single individual who has limited liability for the firm's debts.
• B) A single individual who has unlimited liability for the firm's debts.
• C) Individuals who enjoy limited liability.
• D) One or more individuals who have agreed to accept unlimited liability for the firm.
• E) An individual for less than ten years.

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Definitions:

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A substance believed to trigger an allergic reaction in an individual, requiring identification and avoidance.

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A textile made from the fibers of the flax plant, known for its strength, absorbency, and coolness to the touch.