Which One of the Following Statements Correctly Applies to a Sole

question 36

Multiple Choice

Which one of the following statements correctly applies to a sole proprietorship?

• A)The business entity has an unlimited life.
• B)The ownership can easily be transferred to another individual.
• C)The owner enjoys limited liability for the firm's debts.
• D)Debt financing is easy to arrange in the firm's name.
• E)Obtaining additional equity is dependent on the owner's personal finances.

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Definitions:

Back Translation

The practice where a translated word or phrase is retranslated into the original language by a different interpreter to catch errors.

Symbolic Linguistics

The study of how language symbolizes and conveys meaning in human communication.

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