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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