Which of the Following Statements Is True About a Sole

question 126

Multiple Choice

Which of the following statements is true about a sole proprietorship?

• A)The owner and the business are separate legal entities but not separate accounting entities.
• B)The owner and the business are separate accounting entities but not separate legal entities.
• C)The owner and the business are separate legal entities and separate accounting entities.
• D)Most large businesses in this country are organized as sole proprietorships.

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Definitions:

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used for therapeutic purposes.

Fantasy

An imaginative or fanciful thought, not grounded in reality, often serving as a mental escape from mundane or stressful scenarios.

I.Q.

Short for Intelligence Quotient, a measure of a person's intellectual abilities relative to their age group.

Brain Waves

The patterns of electrical activity in the brain, measured by EEG, that are indicative of different states of consciousness.