Asked by Christy Zavala on Jul 07, 2024
Verified
A large number of businesses are organized as sole proprietorships because it is easy for them to acquire large amounts of financing.
Sole Proprietorships
Business entities owned and operated by a single individual, with no legal distinction between the owner and the business.
Financing
The process of providing funds for business activities, making purchases, or investing.
- Recognize various categories of business structures and their specific characteristics.
Verified Answer
JO
janeth ornelasJul 13, 2024
Final Answer :
False
Explanation :
Sole proprietorships usually have limited access to financing sources compared to larger organizations such as partnerships, corporations, or LLCs.
Learning Objectives
- Recognize various categories of business structures and their specific characteristics.
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