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  3. Study Set
    Principles of Managerial Finance
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    Exam 1: The Role of Managerial Finance
  5. Question
    A Sole Proprietor Has Unlimited Liability; His or Her Total
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A Sole Proprietor Has Unlimited Liability; His or Her Total

Question 15

Question 15

True/False

A sole proprietor has unlimited liability; his or her total investment in the business, but not his or her personal assets, can be taken to satisfy creditors.

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