ILTS Business, Marketing, And Computer Education (216) Practice Questions - ILTS Business, Marketing, And Computer Education (216) Test Exam

Access More Questions

A sole proprietor signs a contract to buy inventory, but the business cannot pay. Why can the supplier pursue the owner's personal assets?

A sole proprietorship has unlimited personal liability for business debts A sole proprietorship is taxed as a separate legal entity A sole proprietorship requires articles of incorporation A sole proprietorship provides limited liability to its owner

Correct Answer:

A sole proprietorship has unlimited personal liability for business debts

Access more questions from this quiz

Continue to ILTS Business, Marketing, and Computer Education (216) Practice Questions - ILTS Business, Marketing, and Computer Education (216) Test Exam for more practice questions and the full quiz experience.

Access More Questions