The Legal Responsibility for Debts Incurred by a Sole Proprietorship

question 77

Multiple Choice

The legal responsibility for debts incurred by a sole proprietorship falls upon

• A)the shareholders.
• B)the partners of the sole proprietorship.
• C)the owner.
• D)the creditors.
• E)the managers.

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Definitions:

Competitive Reporting

The journalistic practice of seeking to report news more accurately, thoroughly, or speedily than competitors, often to gain greater readership or viewership.

Corporate Interests

The objectives or priorities of businesses and corporations, often focused on profit-making, market expansion, and shareholder value.

Edward Herman

An American economist, media analyst, and co-author of the "Manufacturing Consent," known for his work on media and propaganda.

Normalizes Inequality

The process by which societal norms and practices make disparities in income, wealth, and power seem natural or unavoidable.