Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

• A)A solely owned corporation is a sole proprietorship.
• B)A sole proprietorship is a separate taxable entity.
• C)A sole proprietor is considered to be an employee of the business.
• D)All of the above are false.

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Definitions:

Simplify

The process of reducing an expression to its simplest form.

Average Cost

The total cost of production divided by the number of goods produced.

Setup Cost

The initial expense required to create a new product or establish a new process, including costs for equipment, facilities, and labor.

Multiply

The mathematical operation of increasing a number by another specified number of times, essentially repeated addition.