Which of the following is true of a business operating under sole proprietorship?
A) It is not considered a separate legal entity.
B) It cannot be sold when the owner decides to do so.
C) It requires governmental approval when being transferred.
D) It has access to unrestricted capital by means of investments.
Correct Answer:
Verified
Q3: Jonathan Lopez wants to be his own
Q7: The sole proprietor has _ liability.
A) zero
Q10: Orlando opened a hot dog stand in
Q27: An ordinary partnership is also known as
Q47: An organization or venture must have a
Q49: Why does a sole proprietorship not pay
Q53: Which of the following is true of
Q54: How long should a general partnership have
Q55: Which of the following is true in
Q56: Inference of the existence of a general
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents