Examlex
Which one of the following statements is TRUE?
Personal Consumption
The value of goods and services consumed by individuals and households for their own use.
Corporate Income
Corporate income refers to the total revenue a company earns minus its expenses, taxes, and costs, showcasing the company's financial performance over a period.
Sole Proprietorships
A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.
Sole Proprietorships
Business entities owned and operated by a single individual, with no legal distinction between the owner and the business.
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