Which of the Following Statements Is True of the Sole

question 15

Multiple Choice

Which of the following statements is true of the sole proprietorship form of business organization?

• A)Legal filings are required to establish a sole proprietorship.
• B)A sole proprietorship is a separate legal entity.
• C)The owner of a sole proprietorship is not personally liable for all obligations of the business.
• D)A sole proprietorship is not a taxable entity.

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Definitions:

Communicate

The process of conveying information, feelings, or ideas from one individual or group to another through various means, verbal or nonverbal.

Curve Of Forgetting

A theory describing how information is lost over time when there is no attempt to retain it, typically showing a steep decline in memory retention within the first 24 hours.

Remember

The ability to recall information, experiences, or people from the past.

Emotional Timing

The appropriate or opportune moments for expressing feelings.