Which of the Following Is a False Statement Regarding a Sole

question 65

Multiple Choice

Which of the following is a false statement regarding a sole proprietorship?

• A)A sole proprietorship requires few legal formalities.
• B)A sole proprietor has complete control of the management of the business.
• C)The sole proprietor keeps all the profits from the business.
• D)Profits are taxed as the personal income of the sole proprietor.
• E)A sole proprietor is not personally liable for the obligations of the business.

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Definitions:

Motion Pictures

A series of still images that, when shown on a screen, create the illusion of moving images due to the phi phenomenon.

Stroboscopic Movement

The optical illusion of perceived motion created when a series of static images are shown in rapid sequence.

Still Photos

Photographs that capture a single moment in time, particularly in contrast to moving images.

Size Constancy

A perceptual process allowing a person to perceive an object as the same size regardless of its distance from the observer.