Which of the Following Is Correct with Respect to Sole

question 177

Multiple Choice

Which of the following is correct with respect to sole proprietorships?

• A) The sole proprietorship is a separate legal entity.
• B) The sole proprietor has unlimited liability.
• C) The sole proprietor has limited liability.
• D) Sole proprietorship exists where two or more people carry on business together with a view towards profits.
• E) A sole proprietorship must be incorporated.

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that cause significant distress or impairment in functioning.

Abnormal Thoughts

Patterns of thinking that significantly deviate from the norm, which can be symptomatic of mental health disorders or cognitive impairments.

Behaviors

The actions or reactions of individuals or groups in response to external or internal stimuli.

Mood Disorders

A category of mental disorders involving persistent disturbances in mood or emotional state, such as depression or bipolar disorder.