Multiple Choice
The owner of a sole proprietorship
A) has unlimited liability and is responsible for all debts of the firm.
B) assumes no responsibility for any debt of the firm and enjoys only limited profits.
C) assumes no responsibility for any debt of the firm but also receives no profits
D) has limited liability and shares the responsibility of all debts of the firm with others.
E) has limited liability up to the total value of her or his own personal property.
Correct Answer:
Verified
Correct Answer:
Verified
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