AZ Statutes and Rules Flashcards| 320 questions| with complete solutions

which of the following is considered a form of business organization? correct answer: sole proprietorship which of the following is an advantage of the sole ownership form of business? correct answer: can be sold or altered at will when uncertain about what type of entity is best for a company, seek advice from: correct answer: legal counselor which one of the following is the simplest form of business to set up correct answer: sole proprietorship an entity whose owner is liable for all debts correct answer: sole proprietorship what is the advantage of being a sole proprietor ? correct answer: owner makes all the decisions what business type pays the owner as individual income ? correct answer: sole proprietorship which of the following is not a licensee ? correct answer: a sole proprietor what happens to a sole proprietorship if the owner dies ? correct answer: it is terminated immediately which of the following individua