Examlex
Which of the following statements is true?
Single Owner
Refers to a business structure where a single individual owns, manages, and is responsible for all aspects of the business, often known as sole proprietorship.
Legal Entity
An individual, company, or organization that has legal rights and obligations.
Satisfactory Income
The level of profit that meets or exceeds the expectations and needs of the business or its stakeholders.
Debts
Obligations that a company or individual owes to others, typically a sum of money that is required to be paid back with interest.
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