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:

Alcohol

A chemical substance, often found in beverages like beer, wine, and spirits, which can alter consciousness and has potential for abuse and dependence.

Medications

Substances used to diagnose, treat, or prevent illness and improve health.

Lesion

Any damage or abnormal change in the tissue of an organism, usually caused by disease or trauma.

Lateral Aspect

Refers to the side view or portion of a body part or structure, away from the midline.