Which of the Following Is True of Creating a Sole

question 4

Multiple Choice

Which of the following is true of creating a sole proprietorship?

• A) No government approval is required.
• B) Federal taxation is levied upon sole proprietorship.
• C) No licenses are required to do business within a city or state.
• D) Special permission must be obtained to receive a sole proprietorship status.

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Definitions:

Federal Emergency Management Agency

A U.S. government agency dedicated to responding to and mitigating the impacts of disasters and emergencies.

Proposed Rule

A set of suggested regulations that is put forward for discussion before becoming legally enforceable.

Genetically Modified Agricultural Products

Crops or livestock that have had their genetic material altered using genetic engineering techniques to introduce desirable traits.

Congress

The legislative body of the United States government, composed of the House of Representatives and the Senate.