A Sole Proprietorship Combines the Benefits of Both a Partnership

question 23

True/False

A sole proprietorship combines the benefits of both a partnership and a professional corporation. ​

---

Definitions:

Not Binding

A term used to describe agreements, conditions, or regulations that do not impose restrictions on the actions of the involved parties.

Market Effect

The impact of supply, demand, and external factors on the prices and availability of goods and services in a market.

Minimum-Wage Laws

A legal framework that specifies the minimum hourly earnings employers are obliged to pay their staff.

Lowest Wage

The minimum amount of compensation an employer is legally allowed to pay to workers, also known as minimum wage.