Which One of the Following Statements Is Correct with Respect

question 62

Multiple Choice

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

• A) The sole proprietor has limited liability.
• B) The sole proprietor need not adhere to any licensing and government regulations.
• C) The sole proprietor must consult with the other owners before making any major decisions regarding the business.
• D) The sole proprietor has the same extent of liability as a shareholder.
• E) The sole proprietor is responsible for the torts committed by an employee that take place during the course of business.

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Definitions:

Interpersonal Skills

Skills used by a person to interact with others effectively, including communication, listening, conflict resolution, and empathy.

Assertiveness Skills

Assertiveness skills involve the ability to express one's opinions and needs in a direct, honest, and respectful manner.

Personal Comments

Subjective remarks or observations made by an individual.

Uncomfortable

A feeling of physical or psychological distress or unease.