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Questions and Answers
What type of liability does a sole proprietor have?
What type of liability does a sole proprietor have?
- Unlimited liability (correct)
- No liability
- Limited liability
- Joint liability
Which of the following is a characteristic of a sole proprietor?
Which of the following is a characteristic of a sole proprietor?
- Unlimited liability (correct)
- Limited liability
- Corporate governance
- Partnership structure
In terms of ownership, a sole proprietorship is owned by:
In terms of ownership, a sole proprietorship is owned by:
- Multiple individuals
- One individual (correct)
- A partnership
- A corporation
What is the structure of a sole proprietorship in terms of ownership?
What is the structure of a sole proprietorship in terms of ownership?
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Match the following characteristics with a sole proprietorship:
Match the following characteristics with a sole proprietorship:
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