Which of the Following Is True of a Sole Proprietorship

question 11

Multiple Choice

Which of the following is true of a sole proprietorship?

• A)A sole proprietor has limited flexibility in managing the business.
• B)A sole proprietor has unlimited liability and high financial risk.
• C)A sole proprietorship operated under the proprietor's name must be registered.
• D)A sole proprietorship is a complex business to organize.

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Definitions:

Early Personality Theorists

Researchers and thinkers who first explored and theorized about the patterns of thought, feeling, and behavior that define an individual.

Ethnic Background

The cultural heritage, ancestry, and traditions that a person inherits from their family or group of origin.

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that impact an organization's or individual's ability to achieve its objectives.

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive assessment tool used to diagnose mental health disorders.