Examlex
Which of the following statements is false?
Good Will
The favorable reputation of a business that adds to its value, often considered an intangible asset.
Partnership
A lawful business arrangement involving two or more people who divide management responsibilities and profits.
Business Profits
The earnings of a business after subtracting all expenses from its total revenues, indicating the financial success of the business.
Sole Proprietorship
A business structure where one individual owns and operates the business, bearing unlimited liability for its debts and obligations.
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