Which of the Following Statements Is Incorrect Regarding Sole Proprietorships

question 75

Multiple Choice

Which of the following statements is incorrect regarding sole proprietorships?

• A) There is one owner.
• B) Sole proprietor is in full control.
• C) Business ends at the owner's death or loss of interest in the business.
• D) Liquidity of the investment is high.
• E) Money must be raised by the sole proprietor.

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Definitions:

Palmar Reflex

The palmar reflex is an involuntary response seen in infants, where the baby's fingers close around an object placed in their palm.

Ulnar Grasp

A developmental milestone in infants around 4 to 6 months of age, exhibiting a clumsy motion of reaching and grabbing objects using the whole hand, specifically utilizing the fingers and the ulnar side.

Myelination

The process of coating the axons of neurons with a fatty layer called myelin, which speeds up the transmission of neural signals.

Cerebellum

A region of the brain that plays a key role in motor control, coordination, precision, and accurate timing of movements, also involved in some cognitive functions.