Which of the following statements is NOT true regarding the advantages and disadvantages of a sole proprietorship?
a. A sole proprietorship can be created without formal agreements or state filings.
b. The proprietor reports income from the business on a personal tax return.
c. The proprietor alone bears liability for the losses.
d. It is usually easy for sole proprietorships to raise capital.
d
You might also like to view...
An intermediary who ________ legally owns the goods being handled
A) breaks bulk B) takes title C) creates assortments D) takes consignments E) selectively distributes
Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at short measure.". Chris, an employee of Watkins Fencing, Inc within that state, intentionally sells wire fence to Nowton Construction at short measure. Watkins:
a. may be held criminally liable for Chris's act even if Watkins did not authorize this action. b. will only be held liable if Chris is a managerial employee. c. cannot be vicariously liable for Chris's action unless Watkins directed, participated in, or approved of the act. d. will not be vicariously liable for Chris's action if it was not authorized because the element of mental fault is missing on the part of Watkins.
________ incorporates labor, environmental, public health, and other standard into trade agreements.
Fill in the blank(s) with the appropriate word(s).
The organization of components is constrained, but not dictated by the architecture of technology
Indicate whether the statement is true or false