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Which of the following characteristics relate to a sole proprietorship? I. Unlimited liability II. Separation between business income and personal income Ability to bring in

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Which of the following characteristics relate to a sole proprietorship? I. Unlimited liability II. Separation between business income and personal income Ability to bring in additional partners IV. Limited life of the firm I and IV I, II and IV , II and III O , I, II, III and IV O 1 Only

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