Which One of the Following Statements Correctly Applies to a Sole

question 36

Multiple Choice

Which one of the following statements correctly applies to a sole proprietorship?

• A)The business entity has an unlimited life.
• B)The ownership can easily be transferred to another individual.
• C)The owner enjoys limited liability for the firm's debts.
• D)Debt financing is easy to arrange in the firm's name.
• E)Obtaining additional equity is dependent on the owner's personal finances.

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Definitions:

Secondary Data

Refers to information that has been collected previously by someone else for a different purpose, which can be used for a new research study or analysis without conducting new observations or experiments.

Marketing Research

Marketing Research involves gathering, analyzing, and interpreting information about a market, including potential and existing customers, competitors, and the overall industry landscape, to inform business strategies.

Secondary Data

Information that has been collected previously by someone else for a different purpose but is being utilized for a new research study or analysis.

Preliminary Data

Initial, often incomplete datasets gathered in the early stages of a research project, used for forming hypotheses or guiding further investigation.