menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting Study Set 1
  4. Exam
    Exam 3: Business Structures
  5. Question
    A Business That Is Not a Separate Legal Entity,where Any
Solved

A Business That Is Not a Separate Legal Entity,where Any

Question 25

Question 25

Multiple Choice

A business that is not a separate legal entity,where any claims for business debts can be made against the owner's personal assets,is a:


A) trust.
B) sole trader.
C) proprietary company.
D) joint venture.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: An advantage of operating as a sole

Q21: Which of the following business entities is

Q22: A partnership with four partners would have

Q23: A company must be registered with which

Q24: HRM Consulting Pty Ltd started the year

Q26: Which of the following characteristics of a

Q27: The financial report that details assets,liabilities and

Q28: A major (advantage/disadvantage)_ of a sole trader

Q29: Which of the following is a disadvantage

Q30: A family trust is a trust:<br>A) which

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines