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:

Aspiration

The accidental inhalation of food particles, fluids, or vomit into the lungs, which can lead to respiratory infections or complications.

Humidification

The process of adding moisture to the air, which is beneficial for maintaining healthy respiratory functions.

Oxygen Saturation

A measure of the amount of oxygen-carrying hemoglobin in the blood relative to the total hemoglobin, indicating the efficiency of oxygen transport.

Auscultation

The act of listening to sounds within the body, typically with a stethoscope, to assess the condition of the heart, lungs, or other organs.