Which of the Following Is True of a Business with Sole

question 126

Multiple Choice

Which of the following is true of a business with sole proprietorship?

• A)It involves several owners.
• B)It is difficult to form and dissolve.
• C)Its owner has maximum management flexibility.
• D)Its owner is exempt from corporate franchise taxes.

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Definitions:

Applied Voltage

The voltage that is externally applied to a circuit or component to drive its operation.

Fuse

A safety device consisting of a strip of wire that melts and breaks an electric circuit if the current exceeds a safe level.

Excessive Current

A current flow surpassing the designed or safe limit of an electrical circuit or device, potentially leading to overheating or damage.

Total Resistance

The sum of all resistances in an electrical circuit, affecting the overall current flow.