Which of the Following Is True of a Sole Proprietorship

question 23

Multiple Choice

Which of the following is true of a sole proprietorship?

• A)A separate tax return must be filed.
• B)It is not a business entity.
• C)There is no personal liability for the owner.
• D)None of the above

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Definitions:

Intrinsic Motivations

The drive to engage in activities for their own sake, out of interest or enjoyment, rather than for external rewards or pressures.

Extrinsic Motivations

Encouragement stemming from external stimuli like cash rewards, public acclaim, educational scores, and accolades.

Insulin

An organic compound released by the pancreas, responsible for maintaining blood sugar levels by enabling glucose to be absorbed by tissues.

Food Intake

The consumption of food by an organism to provide energy and nutrients for bodily functions.