The Sole Proprietorship Form of Business ________

question 23

Multiple Choice

The sole proprietorship form of business ________.

• A)enjoys an indefinite life
• B)has limited liability for the business's debts
• C)is a common form of organization for small businesses
• D)is a separate taxable entity from its owner

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Definitions:

Competition

The rivalry between businesses to achieve greater sales, market share, and customer engagement.

Primary Reason

The main or most important cause or motive behind an action, decision, or situation.

Lose Customers

The process by which a business experiences a reduction in its customer base due to various factors such as poor service, high prices, or better competition.

Management Team

A group of individuals at the top level of an organization who are responsible for making strategic decisions and ensuring the company achieves its goals.