Which of the Following Statements Is Correct

question 63

Multiple Choice

Which of the following statements is correct?

• A) Sole proprietorships are easy to start.
• B) If the sole proprietorship gets sued, the owner is not liable.
• C) It is relatively easy for sole proprietorships to raise money.
• D) Profits from the sole proprietorship are subject to double taxation.

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Definitions:

Peer Importance

Peer Importance is the significance and influence that peers and social groups have on an individual's attitudes, behavior, and personal development, particularly during adolescence.

Socializing Children

The process by which children learn the norms, values, behaviors, and social skills appropriate to their society.

Parental Restrictions

Guidelines or rules set by parents to regulate children's behavior, often intended to protect the child's wellbeing and promote positive development.

Peer Rejection

A situation in which a child or adolescent is systematically excluded or ostracized by their peers.