Which of the Following Statements Regarding Sole Proprietorships Is False

question 54

Multiple Choice

Which of the following statements regarding sole proprietorships is false?

• A) A sole proprietorship has no legal identity separate from that of its owner.
• B) Sole proprietorships are the most common form of business entity in the U.S.
• C) The cash flow generated by a sole proprietorship belongs to the owner.
• D) The assets and liabilities of a sole proprietorship are held in the name of the business, not the owner.

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Definitions:

Recombinant DNA

DNA molecules formed by laboratory methods of genetic recombination to bring together genetic material from multiple sources, creating sequences that would not otherwise be found in biological organisms.

Gene Cloning

DNA cloning to produce many identical copies of the same gene.

Ex Vivo Gene Therapy

A technique where cells are modified outside the body by introducing new genetic material, and then returned to the patient's body.

Huntington Disease

Autosomal dominant genetic disorder that affects the nervous system; results in a progressive loss of neurons in the brain.