Which of the Following Is a Valid Difference Between Sole

question 19

Multiple Choice

Which of the following is a valid difference between sole proprietorship and partnership?

• A)Partnerships require a written agreement while sole proprietorships do not.
• B)Partnerships require a state charter while sole proprietorships do not.
• C)Partnerships generate lower profits than sole proprietorships.
• D)Partnerships are characterized by unlimited liability, while sole proprietorships are not.
• E)Partnerships consist of two or more partners sharing the responsibility of the firm, while sole proprietorship consists of a single individual.

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Definitions:

Government Attempts

Efforts or endeavors made by governmental bodies to address, solve, or manage specific issues or problems.

Personal Behavior

The actions or reactions of an individual in response to external or internal stimuli, often considered in terms of the individual's character or disposition.

African Americans

A demographic group in the United States with ancestors who were brought from Africa to America through the transatlantic slave trade.

Population Growth

The increase in the number of individuals in a population, often due to birth rates exceeding death rates, migration, and other factors.