Which of the Following Is the Characteristic of a Sole

question 42

Multiple Choice

Which of the following is the characteristic of a sole proprietorship?

• A) It can be publicly held.
• B) It is not taxed as an organization.
• C) It is the hardest business organization to create.
• D) It is the most expensive business organization to create.
• E) It can be created by multiple owners.

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Definitions:

U.S. Antitrust Laws

Laws implemented to prevent anticompetitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Foreign Corrupt Practices Act

A U.S. law passed in 1977 aimed at preventing companies from bribing foreign officials to gain a business advantage.

American Company

A business organization that is registered and operates in the United States, adhering to the laws and regulations of the country.

Foreign Official

A representative or an employee of a government or governmental body of another country.