All categories

3 years ago

Which of the following is a false statement regarding a sole proprietorship?

Business

1 answer:

Kaylis [27]3 years ago

7 0

Answer:

E) A sole proprietor is not personally liable for the obligations of the business.

Explanation:

Sole proprietorship is a kind of business owned by one man. Characteristics of a sole proprietorship includes;

A sole proprietorship requires few legal formalities.
A sole proprietor has complete control of the management of the business.
The sole proprietor keeps all the profits from the business.
Profits are taxed as the personal income of the sole proprietor.

It is the oldest and simplest form of business.

The answer is a sole proprietor is not personally liable for the obligations of the business.

You might be interested in

Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance

Gre4nikov [31]

The income statement is prepared first. The income statement is a financial statement that reports the company's financial performance (profit and loss) over a specific accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.

7 0

3 years ago

The PPP theory fails in reality for all of the following reasons EXCEPT Group of answer choices monopolistic or oligopolistic pr

kap26 [50]

Answer:

inflation rates are unrelated to money supply growth.

Explanation:

purchasing power parity which is regarded as (PPP) is a macroeconomic analysis metric which gives comparison between economic productivity aas well as standards of living existing between countries. It can be regarded as economic theory which gives comparison of currencies of different countries using an approach of "basket of goods". The PPP theory can hold in reality for instance, when inflation rates are unrelated to money supply growth.

EXCEPT Group of answer choices monopolistic or oligopolistic practices in goods markets. restrictions on trade. the inflation data reported in different countries are based on different commodity baskets.

8 0

3 years ago

In the early days of selling, companies studied and wrote down the sales pitches of their most successful people, and created ca

Nezavi [6.7K]

Answer:

True

<h3>When does a salesperson tell a customer that a product will last a lifetime?</h3>

Statements such as "The performance of this product is top-notch" can be classified as expressed warranties.
When a salesperson tells a customer that a product will last a lifetime, such a claim is most likely an example of sales puffery.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

8 0

1 year ago

Assume that you have been hired by a large international bank that is looking to develop a smartphone app to help college studen

wel

Answer:

Determining that smartphone apps and social media aps are important parts of a bank's future plans to reach young consumers. ⇒ New Product Strategy.

Tweeting out the availability of a new smartphone app that helps young professionals manage their financial lives better. ⇒ Product launch.

Inviting younger "fans" of the bank's social media sites to have a free trial of the new smartphone app. ⇒ Test marketing.

Having a Faceb-ook discussion with consumers on what they would ideally like to have from a bank smartphone app. ⇒ Idea generation.

Creating a prototype of the smartphone app. ⇒ Product development.

Using Tw-itter to ask followers what they are willing to pay for smartphone apps. ⇒ Business analysis.

Developing a social media site that allows college students to review and provide feedback on new product ideas. ⇒ Idea screening.

5 0

3 years ago

Low-balling is a sales technique where the salesperson quotes a low price for a car to get you to make an offer, and negotiates

Daniel [21]

True, and it is very sneaky. Please mark Brainliest!!!

3 0

3 years ago