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  3. Study Set
    CFIN
  4. Exam
    Exam 1: An Overview of Managerial Finance
  5. Question
    A Proprietorship Is an Unincorporated Business Owned by One Individual
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A Proprietorship Is an Unincorporated Business Owned by One Individual

Question 1

Question 1

True/False

A proprietorship is an unincorporated business owned by one individual and the owner benefits from the limited liability for business, which limits personal losses to what the proprietor has invested in the company. 

Correct Answer:

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