Identify Which of the Following Statements Is False

question 116

Multiple Choice

Identify which of the following statements is false.

• A) A sole proprietor is considered to be an employee of the business.
• B) A sole proprietorship is a separate taxable entity.
• C) A solely owned corporation is a sole proprietorship.
• D) All of the above are false.

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Definitions:

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.

Market

A place or system where parties engage in exchange, buying and selling goods and services.

S And D

Shorthand for Supply and Demand, the interaction between the quantity of goods offered by the market and the desires of consumers.

Overproduction

A situation where more goods are produced than can be sold, leading to surplus inventory and often resulting in waste or economic imbalances.