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Which is a true statement about sole proprietorships? They are owned and usually managed by one person. They are owned and operated by two or

Which is a true statement about sole proprietorships?

They are owned and usually managed by one person.

They are owned and operated by two or more persons as a voluntary legal association.

They represent a company or group of people authorized to act as a single entity

(

legally a person

)

and recognized as such in law.

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