Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

• A)A solely owned corporation is a sole proprietorship.
• B)A sole proprietorship is a separate taxable entity.
• C)A sole proprietor is considered to be an employee of the business.
• D)All of the above are false.

---

Definitions:

Inflation

How fast the broad price levels for goods and services climb, undercutting the ability to buy.

Unemployment

The condition of someone being without a job despite actively looking for work, expressed as a percentage of the labor force.

Aggregate Demand

The total demand for all goods and services within a particular market or economy, including consumption, investment, government spending, and net exports.

Inflation

The velocity at which the total cost of products and services surges, reducing purchasing capacity.