Which of the Following Statements Is True of Sole Proprietors

question 139

Multiple Choice

Which of the following statements is true of sole proprietors?

• A) They mostly pay high salaries and substantial perks to their employees.
• B) Their death or retirement does not legally cease the company from existing.
• C) They often must perform tasks in areas where they lack expertise.
• D) Their earnings are taxed only as income of the company.

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Definitions:

Well-Reasoned Arguments

Arguments that are logically structured, clearly presented, and supported by solid evidence.

Reflective Way

A thoughtful approach or method characterized by meditation or serious thought about one's experiences and actions.

Lower Guinea

A historical term for a coastal area in West Africa, approximately in the region of the modern countries of Ghana, Togo, Benin, and Nigeria.