Which of the Following Statements Is Correct

question 63

Multiple Choice

Which of the following statements is correct?

• A) Sole proprietorships are easy to start.
• B) If the sole proprietorship gets sued, the owner is not liable.
• C) It is relatively easy for sole proprietorships to raise money.
• D) Profits from the sole proprietorship are subject to double taxation.

---

Definitions:

Bipolar Disorder

A psychiatric disorder characterized by extreme mood swings, including manic highs and depressive lows.

Schizophrenia

is a chronic mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Phobic Disorders

Mental health conditions characterized by an excessive and irrational fear response to specific objects, situations, or activities.

Electroconvulsive Therapy

A psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.