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

question 46

True/False

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

---

Definitions:

Between 5 and 9 Items

Refers to the average number of objects an adult can hold in working memory, often cited in psychological literature.

Approximately 10 to 12 Items

An estimate indicating a range or quantity that is near but not exactly between 10 and 12 entities.

Working Memory

A mental framework that temporarily stores information for processing, crucial for logical thinking, guiding decisions, and influencing actions.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimuli have ended.