Sole Proprietorships

question 8

Multiple Choice

Sole proprietorships:

• A)are expensive to setup.
• B)are limited to the business owner's life.
• C)are faced with double taxation of profits.
• D)can have multiple owners.
• E)provide limited liability to owners.

---

Definitions:

Workplace-Related Injury

An injury or illness that occurs as a result of activities, environment, or duties associated with one's job.

Provinces and Territories

Designations for areas of governance within a larger country, notably used in Canada, where provinces have their own governments and territories are governed more directly by the federal government.

Wellness Accounts

Financial accounts or benefit programs dedicated to supporting the physical and mental health needs of employees, often including provisions for activities like fitness, nutrition, and stress management.

Benefit Plans

Programs offered by employers to provide employees with compensations like health insurance, retirement funds, and paid time off.