Which of the following statements is true of sole proprietors?
A) They mostly pay high salaries and substantial perks to their employees.
B) Their death or retirement does not legally cease the company from existing.
C) They often must perform tasks in areas where they lack expertise.
D) Their earnings are taxed only as income of the company.

Question

Quizplus · Accepted Answer

Sole proprietors often have to handle multiple roles and tasks, including those outside their expertise, due to limited resources and personnel.

Which of the Following Statements Is True of Sole Proprietors