Which One of the Following Statements Concerning a Sole Proprietorship

question 2

Multiple Choice

Which one of the following statements concerning a sole proprietorship is correct?

• A) The life of the firm is limited to the life span of the owner.
• B) The owner can generally raise large sums of capital quite easily.
• C) The ownership of the firm is easy to transfer to another individual.
• D) The company must pay separate taxes from those paid by the owner.
• E) The legal costs to form a sole proprietorship are quite substantial.

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Definitions:

Kano Motonobu

A prominent Japanese painter of the Kano school, active in the late 15th to early 16th century, known for his contributions to the development of the school's style and techniques.

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A prominent Japanese painter of the Azuchi-Momoyama period, celebrated for his ink paintings, landscapes, and screen works.

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A body of Buddhist wisdom that emphasizes meditation, mindfulness, and living in the present moment as means to enlightenment.

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Refers to the highest levels of management or leadership within an organization or society.