Question: Identify the one INCORRECT statement concerning sole proprietorships: Select one: O a. Sole proprietors' personal and business assets are one and the same. O b.

Identify the one INCORRECT statement concerning
Identify the one INCORRECT statement concerning sole proprietorships: Select one: O a. Sole proprietors' personal and business assets are one and the same. O b. A sole proprietorship is an individual carrying on business alone, in the sens that the business is that individual's sole responsibility. However, the busine may be carried on through the services of an employee or agent. OC. A sole proprietor is not vicariously liable for the acts of his employees. O d. There are some advantages to sole proprietorships. Directors must perform all the following duties. Identify the EXCEPTION: Select one: O a. A duty to act in the shareholders' best interests. O b. A duty to act with due diligence and not to act negligently. OC. A duty to disclose personal interests in contracts that the corporation is considering O d. A duty to act honestly

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