Which of the Following Is True of a Sole Proprietorship

question 143

Multiple Choice

Which of the following is true of a sole proprietorship?

• A)A separate tax return must be filed.
• B)It is not a business entity.
• C)There is no personal liability for the owner.
• D)none of the above

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Definitions:

Demand for Hamburgers

The quantity of hamburgers consumers are willing and able to purchase at various prices.

Sherman Antitrust Act

The Sherman Antitrust Act is a landmark U.S. legislation passed in 1890, aimed at maintaining fair competition in the marketplace by prohibiting monopolies and other activities that restrained trade.

Duopolists

Duopolists are two firms that dominate a particular market or industry, influencing prices and market outcomes.

Demand for Pizza

The quantity of pizza that consumers are willing and able to purchase at various prices.