A Sole Proprietorship Is a Company with a Single Owner

question 3

True/False

A sole proprietorship is a company with a single owner.

---

Definitions:

Total Expenses

Total Expenses refer to the aggregate amount of all operational, administrative, and financial costs incurred by a business during a specific period.

Total Assets

The sum of all resources owned by a company, valued at cost or market value, which include both current and non-current assets.

Electric Bill

A monthly statement charging for the consumption of electrical power provided by a utility company.

Total Expenses

The sum of all costs incurred by a business or individual in a specific period.