Which of the Following Statements Is Incorrect

question 26

Multiple Choice

Which of the following statements is incorrect?

• A) Partnerships have unlimited liability.
• B) Most sole proprietors raise money by borrowing from banks.
• C) An advantage of sole proprietorships is that the owner has complete control.
• D) S corporations are considered a hybrid organization.

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Definitions:

Longest-Lasting Relationship

A relationship, typically romantic or platonic, that has endured longer than any other in a person's life.

Sibling

A person's brother or sister; any individual who shares one or both parents with another.

Spouse

A partner in a marriage or committed relationship, offering emotional, social, and sometimes financial support to one another.

Genome

The complete set of DNA, including all of its genes, in an organism, providing the genetic blueprint for its structure and function.