A Large Number of Businesses Are Organized as Sole Proprietorships

question 190

True/False

A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large sums of financing.

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Definitions:

Communication Event

An occurrence where information is exchanged between individuals or groups, using various modes such as verbal, non-verbal, or written means.

Language Translation

The process of converting text or speech from one language to another, maintaining its original meaning.

Equivalent Meaning

Having the same or very similar meaning or value as another word, phrase, or concept.

Skills

Abilities or expertise developed through practice and learning that enable an individual to perform tasks effectively.