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Which one of the following statements about forms of business organization is TRUE? O a A sole proprietor is exempt from laws governing business licences

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Which one of the following statements about forms of business organization is TRUE? O a A sole proprietor is exempt from laws governing business licences and income tax. Ob Only corporations are vicariously liable for the torts of its employees. O c. Both sole proprietors and partners face unlimited personal liability. O d. Registration is required to create all forms of business organization

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