Which of the Following Statements Is True About a Sole

question 126

Multiple Choice

Which of the following statements is true about a sole proprietorship?

• A)The owner and the business are separate legal entities but not separate accounting entities.
• B)The owner and the business are separate accounting entities but not separate legal entities.
• C)The owner and the business are separate legal entities and separate accounting entities.
• D)Most large businesses in this country are organized as sole proprietorships.

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Definitions:

Nauseous

Feeling or experiencing the sensation of an urge to vomit, which can be caused by various conditions.

Postpone Teaching

Delaying the education or instruction of a patient, often due to circumstances such as their health status or readiness to learn.

Intramuscular Injection

A method of delivering medication deep into the muscles, allowing it to be absorbed into the bloodstream quickly.

Theoretical Construct

An abstract concept that is specifically designed for a scientific theory to explain a particular phenomenon.