When Can a Sole Proprietorship Legally Be Dissolved

question 139

Multiple Choice

When can a sole proprietorship legally be dissolved?

• A) sales exceed $1 million
• B) the partners reorganize the firm's structure
• C) earnings are less than $500,000
• D) the owner donates profits
• E) the owner dies

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Definitions:

Independence

The state or quality of being self-reliant and not dependent on others for decision-making or support.

Imposter Phenomenon

The experience of feeling like a phony, a fraud, or a fake.

Unbiased Processing

The ability to see the good and the bad in the world and make decisions based on this information; part of authenticity.

Authenticity

The extent to which a person feels aligned to his or her true self.