Which of the Following Is True of Sole Proprietorships in the United

question 178

Multiple Choice

Which of the following is true of sole proprietorships in the United States?

• A) They are the most important form of business organization in terms of their numbers.
• B) They are responsible for a large portion of the total production of goods and services in the U.S. economy.
• C) They offer the owners less personal liability than the other forms of business organization.
• D) There are no opportunity costs involved in operating such firms.
• E) Such firms employ only one individual.

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Definitions:

Data Access

The ability to retrieve, read, or make use of data stored within a database or another data storage mechanism.

Redundancy

The duplication of critical components or functions of a system with the intention of increasing reliability of the system, often through the inclusion of backup or fail-safe mechanisms.

Toner Probe

A diagnostic tool set used in the identification of cables and detection of electrical circuits.

Punch-Down Tool

An implement that terminates cable on a patch panel.