Which One of the Following Statements Concerning a Sole Proprietorship

question 51

Multiple Choice

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

• A)The life of a sole proprietorship is potentially unlimited.
• B)A sole proprietor can generally raise large sums of capital quite easily.
• C)Transferring ownership of a sole proprietorship is easier than transferring ownership of a corporation.
• D)A sole proprietorship is taxed the same as a C corporation.
• E)It is easy to create a sole proprietorship.

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Definitions:

Construction Practices

Methods and processes used in the planning, design, and execution of building projects to ensure safety, efficiency, and durability.

Death Tolls

The total number of deaths resulting from a particular cause, such as a natural disaster, war, or disease.

Earthquakes

Natural seismic events caused by the sudden release of energy in the Earth's crust, leading to ground shaking.

Structural Collapse

Structural collapse refers to the sudden failure of a building or geological feature due to a loss of structural integrity.