er the following statement is True or False.A sole proprietorship as a business structure, needs to be registered with the Companies and Intellectual Properties Commission (CIPC)

Which of the following is not one of the advantages of a sole proprietorship?Multiple Choiceease and cost of formationsecrecyflexibility and control of the businessunlimited liability

What identifies the investment of the sole proprietor in businesses that are not incorporated?Multiple choice question.owner's equitycurrent assetsretained earningsa liability account

It is only made up of persons, two or more, who from a legally recognized association.a.Sole proprietorshipb.Joint venturec.Partnershipd.Corporation

Businesses that are not incorporated identify the investment of the sole proprietor through the account.

The characteristic of a sole proprietorship would be:Group of answer choicesA business with many owners, where decisions are made by a board and where the liability of the owners is limitedA business with a single owner that makes the business decisions and where the liability of the owner is limitedA business with a group of two or more people, where the business decisions are dependent on agreement and where the liability of the owners is limitedA business with a single owner that makes the business decisions and where the liability of the owner is unlimited