Which One of the Following Statements Concerning a Sole Proprietorship

question 33

Multiple Choice

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

• A)A sole proprietorship is designed to protect the personal assets of the owner.
• B)The profits of a sole proprietorship are subject to double taxation.
• C)The owner of a sole proprietorship is personally responsible for all of the company's debts.
• D)The sole proprietorship can continue even after the death of the sole proprietor.
• E)A sole proprietorship is structured the same as a limited liability company.

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Definitions:

Directive Interventions

Therapeutic techniques in which the therapist actively guides the client toward specific outcomes or ways of thinking.

Consciousness-Raising

A process aimed at increasing awareness about particular issues or aspects of one's self or society, often used in therapy and social movements.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions during therapeutic sessions.

Self-Liberation

The process of individuals empowering themselves to change their own lives, typically in the context of overcoming addictive behaviors or other personal challenges.