Asked by
Aaliyah Foster
on Dec 08, 2024Verified
Identify a true statement about sole proprietorships.
A) Most sole proprietorships have limited liability for their debts.
B) Sole proprietorships are the least common form of business organization in the United States.
C) Most sole proprietorships focus on services rather than on the manufacture of goods.
D) Sole proprietorships net far more sales and income than corporations.
E) Sole proprietorships are typically small businesses employing fewer than 100 people.
Sole Proprietorships
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
- Absorb the critical elements of sole proprietorships, focusing on their size, legal liability, and leadership.
Verified Answer
AA
Learning Objectives
- Absorb the critical elements of sole proprietorships, focusing on their size, legal liability, and leadership.
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