Kizspy | Question: 35
(Choose 1 answer)
Regarding sole proprietorships, which one of the following statements is NOT true?
A. Sole proprietors are personally liable for the sole proprietorship's debts.
B. The proprietor owns all the assets of the business and is entitled to all the profits that the business generates.
C. The proprietor has full control and the freedom to operate the business in any way desired.
D. The sole proprietor's financial risk can be limited to the investment in the business.
