Which One of the Following Statements Concerning a Sole Proprietorship

question 1

Multiple Choice

Which one of the following statements concerning a sole proprietorship is correct?

• A)A sole proprietorship is difficult to form.
• B)The business profits are taxed twice at the federal level.
• C)The business profits are taxed separately from the personal income of the owner.
• D)The owner may be forced to sell his/her personal assets to pay company debts.
• E)A sole proprietorship has an unlimited life.

---

Definitions:

Superego

To Freud, the moral aspect of personality; the internalization of parental and societal values and standards.

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Case Study Method

A research method involving an in-depth analysis of an individual, group, event, or situation to explore underlying principles or find new insights.

Unrepresentative Sample

A sample that does not accurately reflect the broader population, leading to potential bias in research findings.