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:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.