A Single Proprietorship Is a Form of Business Organization Which

question 90

Multiple Choice

A single proprietorship is a form of business organization which

• A) has unlimited access to money capital.
• B) has a single owner but has directors who are responsible for the firm's debts.
• C) allows easy transferability of ownership by the trading of shares.
• D) has limited liability.
• E) has one owner- manager who is personally responsible for the firm's actions and debts.

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