Which of the Following Is TRUE for a Proprietorship

question 30

Multiple Choice

Which of the following is TRUE for a proprietorship?

• A) A proprietorship joins two or more individuals as co-owners.
• B) The proprietor is not personally liable for the debts of the proprietorship.
• C) A proprietorship has a single owner.
• D) A proprietorship has an indefinite life.

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Definitions:

Sella Turcica

A saddle-shaped depression in the sphenoid bone at the base of the human skull, housing the pituitary gland.

Sphenoid

A butterfly-shaped bone at the base of the skull that forms part of the floor and sides of the skull as well as the orbits around the eyes.

Occipital

Relating to the occiput, the back part of the skull or head.

Ethmoid

The ethmoid bone is a spongy, cube-shaped bone that forms part of the nasal cavity and the orbits of the eyes, contributing to the structure of the skull.