Which of the Following Is True of Creating a Sole

question 76

Multiple Choice

Which of the following is true of creating a sole proprietorship?

• A)No state government approval is required.
• B)A sole proprietorship is subject to double-taxation.
• C)No licenses are required to do business within a city or state.
• D)Special permission must be obtained to receive sole proprietorship status.

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Definitions:

Demographics

Statistical data relating to the population and the particular groups within it, often used for market research and policy making.

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The professional practice of nursing within the context of the Canadian healthcare system, laws, and standards.

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A national organization representing the interests and concerns of over 200,000 nursing professionals across Canada.