A sole proprietorship is a business owned by
A) one or more persons and is not incorporated.
B) one person.
C) one person and is incorporated.
D) one or more persons,with one person who operates it.
Correct Answer:
Verified
Q13: Limited partners must have
A) less than 50
Q14: Inherent authority allows the agent to exceed
Q15: An agency occurs when one person
A) has
Q16: A business that ends automatically with a
Q17: Sole proprietorships can be
A) sold.
B) inherited.
C) granted
Q19: A bankruptcy filing by a business requires
A)
Q20: Corporations
A) may be owned by one or
Q21: A corporation's life continues indefinitely.
Q22: Partnership income is considered personal for tax
Q213: Match each definition with the correct term
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