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5 Which one of the following statements is correct? A A proprietor is not personally responsible for the firm's liabilities. B A proprietorship can be

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Which one of the following statements is correct? A A proprietor is not personally responsible for the firm's liabilities. B A proprietorship can be a business jointly owned by two family members. A proprietor has unlimited liability for business debts. D A partial transfer of ownership is easier with a proprietorship than with a corporation

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