Which of the Following Statements Is the Most Accurate? Sole

question 106

Multiple Choice

Which of the following statements is the most accurate? Sole proprietorships:

• A) are well suited for people who want to own a business and share in its profits without taking an active role in management.
• B) are taxed at the owner's personal tax rate.
• C) are the least risky form of business ownership.
• D) must receive a state charter before they can legally conduct business.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Egocentric Behavior

Conduct based on a lack of understanding, or refusal to acknowledge, the perceptions, thoughts, and feelings of others.

Pretend Play

An imaginative activity in which children represent and act out scenarios, often involving role-playing and make-believe components.

Object Permanence

Recognizing that objects maintain their existence even when they cannot be observed, heard, or sensed in any way.