Which of the Following Is True Concerning a Sole Proprietorship

question 38

Multiple Choice

Which of the following is true concerning a sole proprietorship?

• A)It has limited liability for the owner.
• B)The business survives the death of the owner.
• C)It has only one owner.
• D)Profits are taxed at the company tax rate.

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Definitions:

Team's Motivation

The driving forces that influence the enthusiasm and persistence of a team towards the accomplishment of its goals.

Knowledge-based Trust

Trust that is built over time based on the parties’ knowledge and experience of each other, implying reliability and competence.

Diversity

Diversity refers to the inclusion and representation of different groups of people, including varying cultures, backgrounds, races, genders, and ideas, within a community or organization.

Undermine Cohesion

Actions or situations that negatively affect the unity and mutual support within a group or team.