Which of the Following Statements Is TRUE for a Proprietorship

question 113

Multiple Choice

Which of the following statements is TRUE for a proprietorship?

• A)Legally,a proprietorship is separate from the proprietor.
• B)For accounting purposes,a proprietorship is separate from the proprietor.
• C)The business records include the proprietor's personal finances.
• D)All statements are correct.

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Definitions:

Cerebellum

A part of the brain at the back of the skull in vertebrates, which coordinates and regulates muscular activity.

Hippocampus

A structure within the brain critical for the formation of new memories and associated with learning and emotions.

Basal Ganglia

A group of nuclei in the brain involved in controlling movement and coordination, as well as playing a role in learning, emotional response, and habit formation.

Cerebellum

A region of the brain that plays a vital role in motor control, and may also be involved in some cognitive functions like attention and language.