Which of the Following Statements Is True of a Sole

question 114

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:

Nursing Interventions

Actions taken by nurses to implement patient care plans, ranging from direct patient care tasks to collaborative and independent strategies.

Concept Map

A visual representation of information that shows relationships among concepts, typically organized in a hierarchical structure.

Purposeful Reflection

The deliberate act of contemplating or thinking about one's actions, decisions, or experiences to derive insights or learning.

Critical Thinking Skills

The ability to objectively analyze and evaluate issues to form a reasoned judgment, involving logical reasoning and reflective thought.