Question

multiple choice 10 points
8 which choice best expresses the relationship between a sole proprietor and his or her business?
the business is higher in the organizational hierarchy than the sole proprietor is
the sole proprietor has unlimited liability for the business
the sole proprietor has limited liability for the business
the sole proprietor and the business are different

Explanation:

In a sole - proprietorship, the sole proprietor has unlimited liability for the business. This means the owner's personal assets can be used to satisfy business debts. There is no separation between the owner and the business in terms of liability.

Answer:

The sole proprietor has unlimited liability for the business