Which of the Following Statements Is True of a Sole

question 67

Multiple Choice

Which of the following statements is true of a sole proprietorship?

• A)A sole proprietorship joins two or more individuals as co-owners.
• B)The sole proprietor is personally liable for the liabilities of the business.
• C)A sole proprietorship is taxed separately from the owner.
• D)A sole proprietorship does not terminate at the choice or death of the owner.

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Definitions:

Working Conditions

The environment in which employees operate, including aspects like safety, hours, and physical demands.

Responsibilities

Duties and tasks that an individual or entity is required or expected to carry out or fulfill in a specific role or function.

Competency-Based Pay

A compensation strategy where employees are paid based on their skills, knowledge, and performance levels rather than their job title or position.

Management Attitude

The disposition, outlook, or approach that the management of a company or organization holds towards its operations, employees, and business strategies.