A Sole Proprietorship ________

question 83

Multiple Choice

A sole proprietorship ________.

• A) is taxed as a separate corporation
• B) requires immense paperwork
• C) does not have a legal status
• D) is owned by only one person
• E) gives reduced control to the owner

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Definitions:

Illusory Correlation

The belief in a connection between two factors when in reality, there is no such link.

Express Checkout

A dedicated checkout lane in stores for customers purchasing a limited number of items, designed for quick service.

Actor-Observer Bias

A cognitive bias that involves attributing one's own actions to external factors while attributing others' actions to their character or personality.

Self-Serving Bias

A cognitive bias where people attribute positive outcomes to their own actions and negative outcomes to external factors.