A Sole Proprietor I.Can Be an Employee of the Business

question 47

Multiple Choice

A sole proprietor
I.Can be an employee of the business.
II.Has limited liability for the debts of the business.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Lawful and Orderly

Characterizes behavior or systems that operate according to established laws or regulations, ensuring predictability and stability.

Predictable Behavior

Actions or reactions that can be expected based on previous patterns or known psychological principles.

Unconscious Mind

A part of the mind that is not accessible to the conscious mind but influences thoughts, behaviors, and feelings.

Basic Innate Unit

A fundamental component or aspect of something that is inherent and not acquired from the environment.