Which of These Statements Is True in Regard to the Sole

question 17

Multiple Choice

Which of these statements is true in regard to the sole proprietorship form of business

• A) You are required to share profits with others
• B) If you die, the business continues.
• C) If the company borrows money from a bank, you are not personally liable for the debt
• D) It makes financing more difficult

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Definitions:

Crowdfunder

An individual or entity that contributes financial resources to a project or venture through a collective effort of multiple donors, typically via the Internet.

Ownership

The state or fact of owning something, which includes the right to possess, use, and enjoy a certain thing, tangible or intangible.

Crowdsourcing

The practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, especially from an online community.

Freely Downloadable

Describes software, music, or any digital content that can be downloaded without payment or significant restrictions.