Which of the Following Is True About a Sole Proprietorship

question 70

Multiple Choice

Which of the following is true about a 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 the 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:

Rotational Motions

The movement of a body around a fixed point or axis, common in molecules resulting in specific spectroscopic behaviors.

Absorption

The process by which one substance takes up another substance through physical or chemical means.

Frequency Values

Numbers that represent the rate at which a periodic or cyclic process occurs, often measured in hertz (Hz).

Hertz

The unit of frequency in the International System of Units (SI), defined as one cycle per second.