Which of the Following Statements Is True About a Sole

question 88

Multiple Choice

Which of the following statements is true about a sole proprietorship?

• A) The owner and the business are separate accounting entities but not separate legal entities.
• B) Most large businesses in this country are organized as sole proprietorships.
• C) The owner and the business are separate legal entities but not separate accounting entities.
• D) The owner and the business are separate legal entities and separate accounting entities.

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Definitions:

Significance F

A statistical measure used in the analysis of variance (ANOVA) to determine the likelihood that the observed differences among group means occur by chance.

Null Hypothesis

A statistical hypothesis that suggests there is no significant difference between specified populations or no effect.

P-Value

A statistical measure that helps to determine the significance of the results obtained from a test, indicating the probability of observing the results given that the null hypothesis is true.

Level Of Significance

A threshold in hypothesis testing that determines the probability of rejecting the null hypothesis when it is actually true; commonly denoted by alpha (α).