Which of the Following Statements Is True About a Sole

question 126

Multiple Choice

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

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

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Definitions:

After-image

A visual illusion in which retinal impressions persist after the removal of a stimulus, often seen in complementary colors.

Texture Gradient

Texture Gradient is a visual cue used to perceive depth, where objects with finer, denser textures are perceived as farther away compared to those with coarser, more widely spaced textures.

Depth Cue

Visual or auditory information that helps to judge the distance or depth of objects in one's environment.

Closure

A psychological phenomenon that illustrates the human mind's propensity to perceive complete shapes even when information is missing.