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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.
Weegy: 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. User: Small business start-ups are likely to find that getting commercial loans is Select one: a. hard to do, because commercial lenders are reluctant to make loans to firms that don’t have an established record of successful performance. b. one of the easiest and most flexible sources of financing, because local bankers are usually eager to establish relationships with new companies. c. is fairly easy, but usually entails much higher financing costs than other sources. d. the best way to obtain 100 percent of the financing they need, but only if they give the lender an ownership stake in the company. Weegy: a. hard to do, because commercial lenders are reluctant to make loans to firms that don’t have an established record of successful performance. (More)
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Asked 10/29/2012 7:44:38 PM
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