Texas Barber License Practice Examination

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In a sole proprietorship, the owner receives all ________.

  1. profit

  2. Debt

  3. Shares

  4. Liabilities

The correct answer is: profit

In a sole proprietorship, the owner is the only one responsible for the business and receives all of the profits. Choices B, C, and D are incorrect because in a sole proprietorship, the owner does not have any shareholders or investors to distribute profits to, does not accumulate debt through the business, and is solely responsible for all liabilities.

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