To Close a Sole Proprietorship, the Owner Must

question 145

Multiple Choice

To close a sole proprietorship, the owner must

• A) notify the secretary of state.
• B) pay creditors.
• C) publish an out-of-business statement in the newspaper.
• D) have all licenses and permits revoked.
• E) None of the above are correct.

---

Definitions:

Neolithic Revolution

A major turning point in human history, marked by the transition from nomadic hunting and gathering to settled agriculture and community living.

Paleolithic

Relating to the earliest period of the Stone Age, characterized by the use of crude stone tools and hunting and gathering as the primary means of subsistence.

Food Scarcity

A situation where the availability of food is insufficient to meet the needs of the population, often leading to hunger, malnutrition, and increased mortality rates.

Diffusion

The spreading of something more widely, such as cultural elements, innovations, or geographical distribution.