Which of the Following Is True About Sole Proprietorship in the United

question 91

Multiple Choice

Which of the following is true about sole proprietorship in the United States?

• A)It is the most common form of business organization.
• B)It is responsible for a large portion of total production of goods and services.
• C)It offers the owner the least personal liability of any form of business organization.
• D)There is no opportunity cost to operating the business.
• E)Only one individual can work in such a firm.

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Definitions:

Moderately Liberal

Holding political or social views that are open to reform and progress, but not to an extreme level; supporting moderate changes within the framework of the existing system.

Primed In Memory

Refers to the process of activating particular representations or associations in memory just before carrying out an action or task.

Meta-Cognition

Reflecting on one’s own thought processes.

Contamination

Contamination refers to the presence of undesired substances in or on a material, surface, or environment that can cause harm or damage.