Business Assets of a Sole Proprietorship Are Owned by

question 109

Multiple Choice

Business assets of a sole proprietorship are owned by

• A)a member.
• B)an individual.
• C)a partner.
• D)a stockholder.

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Definitions:

Counterparty

The other organization or party involved in a financial transaction, opposite to the primary party initiating the transaction.

Futures Contract

A formal contract to purchase or sell a specific financial asset or commodity at an agreed-upon price on a future date.

Credit Risk

The risk of loss due to a borrower's inability to make payments on any type of debt.

Clearing Corporation

An entity that facilitates the settlement of transactions in the financial markets by ensuring the transfer of funds and securities.