Which of the Following Statements Is TRUE of a Sole

question 160

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 has to pay business income taxes.

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Definitions:

Reflecting Teams

A therapeutic approach where a team of therapists observe a therapy session and provide feedback, offering multiple perspectives.

Collaborative

Involving or done by two or more parties working together towards a common goal.

Diverse Strands

Various or different lines of thought, philosophy, or approaches within a broader concept.

Unique Outcome

Moments or experiences in a person's life that defy their usual story or problem-saturated narratives, used in narrative therapy.