A Sole Proprietor Has Ultimate Responsibility for All Business Decisions

question 7

True/False

A sole proprietor has ultimate responsibility for all business decisions. ​

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Definitions:

Form Of Government

The system by which a community, state, or nation is governed, characterized by its structure, functions, and the distribution of power among its various components.

Resources Expended

The amount of materials, labor, and capital used in the production of goods or services.

Federal Government

The national government of a federal country, which holds the authoritative powers conferred to it by a constitution.

Deficit

A deficit occurs when an entity's expenditures exceed its revenues over a specified period, often referring to government budgets.