A Balance Sheet of a Sole Proprietorship Includes Only the Business

question 131

True/False

A balance sheet of a sole proprietorship includes only the business assets and liabilities, not the personal assets of the owner.

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Definitions:

Strategic Leadership

The ability of an organization's leaders to set visions, make strategic decisions, and guide the organization towards achieving long-term goals.

Sustain

To maintain or keep something going over time, especially under challenging circumstances.

Hedgehog Concept

A strategic approach that focuses on simplifying complexity to find the intersection between what you are passionate about, what drives your economic engine, and what you can be the best at.

Diversify

To diversify means to broaden or vary a range of products, investments, skills, etc., to reduce risk or increase the chance of success or improvement.