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Identify a True Statement About Sole Proprietorships

Question 15

Multiple Choice

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.

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