A Sole Proprietorship Comes into Existence When a Person

question 43

Multiple Choice

A sole proprietorship comes into existence when a person

• A) obtains a licence for a business.
• B) begins to carry on a business.
• C) registers a business name.
• D) files articles of incorporation.
• E) pays the fee for registering a business name.

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Definitions:

Strategic Link

A connection or relationship between different strategies or components of a plan that ensures they work together towards a common goal.

Critical Responsibility

A critical responsibility refers to essential duties or roles that significantly impact the functioning, integrity, or success of an organization or activity.

Key Stakeholders

Individuals or groups with an interest or stake in the outcome of a project, initiative, or the overall success of an organization.

Invasion of Privacy

Unauthorized intrusion into the personal life of an individual, breaching their rights to confidentiality and personal space.