Of the Following Statements, Which Is True of Sole Proprietorships

question 58

Multiple Choice

Of the following statements, which is True of sole proprietorships?

• A) A sole proprietorship is a business that is owned and operated by one person.
• B) Proprietors have limited liability for the operation.
• C) Proprietors are taxed as businesses.
• D) Ordinarily, proprietorships have amounts of capital available to them equal to that available to other types of business organizations.

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Definitions:

Incompatible Hardware

Computer components or peripherals that cannot work together because they do not share compatible interfaces or specifications.

Spoken Conversation

A form of communication that involves verbal interaction between two or more individuals in real-time.

Written Medium

A form of communication that involves the expression of ideas, information, or narratives through written text.

Short-Message Technologies

Technologies designed for sending brief text or multimedia messages, often used in mobile communications and instant messaging platforms.