Sole proprietorships are typically small businesses that A) focus on providing a service rather than earning a profit. B) are formed by two or more partners. C) provide their owners the advantage of limited liability. D) employ fewer than 50 people. E) are managed by incorporators.

Sole proprietorships are typically small businesses that A) focus on providing a service rather than earning a profit. B) are formed by two or more partners. C) provide their owners the advantage of limited liability. D) employ fewer than 50 people. E) are managed by incorporators.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) Sole proprietorships are typically small businesses that
A) focus on providing a service rather than earning a profit.
B) are formed by two or more partners.
C) provide their owners the advantage of limited liability.
D) employ fewer than 50 people.
E) are managed by incorporators.
1)

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