Which One of the Following Statements Concerning a Sole Proprietorship

question 51

Multiple Choice

Which one of the following statements concerning a sole proprietorship is correct?

• A)The life of a sole proprietorship is potentially unlimited.
• B)A sole proprietor can generally raise large sums of capital quite easily.
• C)Transferring ownership of a sole proprietorship is easier than transferring ownership of a corporation.
• D)A sole proprietorship is taxed the same as a C corporation.
• E)It is easy to create a sole proprietorship.

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Definitions:

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The act of convincing someone to do or believe something through reasoning or argument.

Remind

The act of prompting or triggering someone's memory about something, often used in advertising to reinforce brand awareness.

Identifying Target Audience

The process of defining the group of potential customers for whom a product or service is intended.

Reminder Advertising

Advertising aimed at reminding consumers about a product or service or to maintain awareness of a well-established brand.