Which of the Following Is True About a Sole Proprietorship

question 21

Multiple Choice

Which of the following is true about a sole proprietorship?

• A)A sole proprietorship is a legal entity.
• B)A sole proprietorship cannot sue or be sued.
• C)A sole proprietorship as form of business can be transferred to someone else.
• D)A sole proprietorship has a life of its own apart from its owner.

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Definitions:

Stock Prices

The cost of purchasing a share in the ownership of a public company, reflecting its valuation and investor demand.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time.

Stock Prices

The monetary value of a share of a company's equity as traded on a stock exchange.