Which of the Following Statements Is True of a Sole

question 114

Multiple Choice

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

• A)A sole proprietorship joins two or more individuals as co-owners.
• B)The sole proprietor is personally liable for the liabilities of the business.
• C)A sole proprietorship is taxed separately from the owner.
• D)A sole proprietorship has to pay business income taxes.

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Definitions:

Older Adults

Individuals in a later stage of life, often considered to be those aged 65 and older, facing unique developmental and health-related considerations.

Mentally Fragile

Characterized by a lack of psychological resilience, making it difficult to cope with the stresses of life.

Interested

A state of wanting to learn more about something or being engaged in a particular subject or activity.

Marital Satisfaction

A measure of the happiness and contentment individuals feel within their marriage or long-term partnership.