Which of the Following Is Correct with Respect to Sole

question 177

Multiple Choice

Which of the following is correct with respect to sole proprietorships?

• A) The sole proprietorship is a separate legal entity.
• B) The sole proprietor has unlimited liability.
• C) The sole proprietor has limited liability.
• D) Sole proprietorship exists where two or more people carry on business together with a view towards profits.
• E) A sole proprietorship must be incorporated.

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Definitions:

Joint Commission

An independent, not-for-profit organization that accredits and certifies nearly 21,000 healthcare organizations and programs in the United States to ensure compliance with certain performance standards.

Do Not Use List

A list of abbreviations, acronyms, and symbols that should not be used in medical documentation to prevent misinterpretation.

Problem-Oriented

An approach or method that focuses primarily on identifying and solving problems, often used in professional and technical fields.

Medical Records

Documented information related to a patient's medical history, treatments received, diagnostic tests, and other healthcare services.