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Which of the following is NOT an accurate statement about a sole proprietorship? Select one: a. A sole proprietorship is easy and inexpensive to form. b. Legally, the business is considered separate
and distinct from its owner. c. Most sole proprietorships are small businesses. d. Sole proprietorships are the most common form of business ownership.
The answer is b. [ Legally, the business is considered separate and distinct from its owner. Legally, the business is considered separate and distinct from its owner is not an accurate statement about a sole proprietorship. ]
Expert answered|Shey091808|Points 656|
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Asked 10/29/2012 7:33:40 PM
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For individuals starting a small business, writing a business plan is Select one: a. more work than it is worth. b. not always necessary, but it is essential if the company needs to obtain external financing. c. the first and most critical step toward getting the company up and running. Small businesses that aren’t guided by a plan are almost never successful. d. a simple process that usually takes no more than a week or two to complete.
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Asked 10/29/2012 7:44:38 PM
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