Asked by Jacob
which of the following statements is true about sole proprietorships
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GPT 3.5
All three statements are true about sole proprietorships:
1. Sole proprietorships are the most common form of business ownership.
2. The owner of a sole proprietorship has unlimited personal liability for the debts and obligations of the business.
3. The owner of a sole proprietorship receives all the profits and has complete control over decision-making.
1. Sole proprietorships are the most common form of business ownership.
2. The owner of a sole proprietorship has unlimited personal liability for the debts and obligations of the business.
3. The owner of a sole proprietorship receives all the profits and has complete control over decision-making.