Which One of the Following Statements Is Correct with Respect

question 194

Multiple Choice

Which one of the following statements is correct with respect to sole proprietorships?

• A) The sole proprietor is restricted to service type businesses.
• B) A sole proprietorship involves limited liability.
• C) A sole proprietorship is a separate legal entity with one shareholder.
• D) The sole proprietor is a society under the Societies Act.
• E) A sole proprietorship involves unlimited liability for the proprietor.

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Definitions:

West-Coast Subscribers

Individuals or entities located on the West Coast who subscribe to a particular service, publication, or product.

National Magazine

A publication that targets a nationwide audience, often covering a wide array of topics of general interest.

Stratified Sampling

A method of sampling from a population in which the population is divided into subgroups, and samples are taken from each subgroup independently.

Representative Sampling

The process of selecting a sample that closely matches the overall population in terms of key characteristics.