A Business That Is Not a Legal Entity, Where There

question 22

Multiple Choice

A business that is not a legal entity, where there is one owner who is fully liable for all debts, is:

• A)a proprietary company.
• B)a partnership.
• C)a sole proprietorship.
• D)none of the above.

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Definitions:

Newlyweds

Refers to a couple that has recently married.

Arranged Marriages

are marital unions in which the partners are chosen by family members, often based on considerations like cultural, social, and economic compatibility.

Family Traditions

Practices or beliefs passed down within a family from generation to generation, often signifying values and family culture.

Long-Term Relationship

A significant romantic connection between two people that persists over a long period of time, characterized by emotional commitment and often legal bonds.