Which of the Following Is True of a Business Operating

question 72

Multiple Choice

Which of the following is true of a business operating under sole proprietorship?

• A)It is not considered a separate legal entity.
• B)It cannot be sold when the owner decides to do so.
• C)It requires governmental approval when being transferred.
• D)It has access to unrestricted capital by means of investments.

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Definitions:

Descriptive Headings

Headings that simply identify a topic.

Prescriptive Headings

Headings that suggest specific actions or guidelines to follow, often used in instructional or policy documents.

Statement of Purpose

A written document that outlines an individual's intentions, goals, and reasons for applying to a program, job, or organization.

Formal Work Plan

A detailed document that outlines the tasks, timelines, resources, and goals of a project or initiative.