Which of the following best describes sole proprietorship?
A) It is a business owned and operated by the public.
B) It is a business owned by two people and operated by one.
C) It is a business owned and carried on by one person.
D) It is a business owned by two people but with limited liability.
Correct Answer:
Verified
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Q10: Which of the following is true of
Q11: A sole proprietor is not liable for
Q12: A general partner has limited liability in
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