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.

Identify professional values identified by the American Association of Colleges of Nursing (AACN) and integrate them into nursing practice.

Demonstrate knowledge of confidentiality, fidelity, and veracity as ethical principles in nursing.

Understand the legal and ethical framework surrounding the Code of Ethics for Nurses and its application in practice.

Address and resolve ethical dilemmas and moral distress using structured decision-making models.

---

Definitions:

Aggregate Demand

The aggregate need for products and services in an economy at a specific price level during a certain time frame.

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, during a specific time period.

AD1 to AD2

Represents a shift from one aggregate demand curve to another in macroeconomic models, indicating changes in the total demand for goods and services in an economy.

Aggregate Demand

The gross requirement for products and services within an economy, priced at an overall level over a certain timeframe.