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If a Sole Proprietorship Fails,the Owner Is Not Liable for Its

question 46

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If a sole proprietorship fails,the owner is not liable for its debts since the business is a separate legal entity.


Definitions:

Money Holdings

The amount of cash or liquid assets that a person or entity possesses at any given time.

Money Supply

The whole amount of money resources available in an economy at a given interval.

Equilibrium Value

The price or point at which supply and demand for a good or service are equal, leading to market stability.

Price Level

The average price for every good and service within the current economic landscape.

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