Which of the Following Statements Best Describes a Proprietorship

question 5

Multiple Choice

Which of the following statements best describes a proprietorship?

• A)can be single or multiple owners
• B)taxed separately
• C)most expensive to establish
• D)owner is responsible for debt of the company

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Definitions:

Industry Code of Ethics

A set of principles and guidelines designed to help professionals in a specific industry maintain integrity and ethical standards in their work.

National Association of Manufacturers

A leading industrial trade association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states.

Workplace Diversity

Refers to an inclusive work environment that embraces individual differences among employees, such as race, gender, age, religion, and other attributes.

Environmental Regulations

Laws and rules put in place by governments to protect the environment from harm caused by human activities.