Which of the Following Statements Is False Regarding a Sole

question 72

Multiple Choice

Which of the following statements is false regarding a sole proprietorship?

• A)A sole proprietorship requires few legal formalities.
• B)A sole proprietor has complete control of the management of the business.
• C)The sole proprietor keeps all the profits from the business.
• D)A sole proprietor is not personally liable for obligations of the business.
• E)Profits are taxed as the personal income of the sole proprietor.

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Definitions:

Visit Clearing

The process of finalizing all administrative and procedural tasks associated with a patient's visit to a healthcare facility.

PIE Charting

A method of documentation used in nursing to record and track a patient's Problems, Interventions, and Evaluation of care.

Analgesic Medications

Drugs designed to relieve pain without causing loss of consciousness.

Central Line

A catheter placed in a large vein, typically in the neck, chest, or groin, to administer medication or fluids, or to obtain diagnostic tests.