Margie opened a used bookstore and is both the 100 percent owner and the store's manager. Which type of business entity does Margie own if she is personally liable for all the store's debts?
a. sole proprietorship
b. limited partnership
c. corporation
d. joint stock company
e. general partnership
Ans: a. sole proprietorship
Business
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Indicate whether the statement is true or false
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What will be an ideal response?
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