If Sally owns her own business and pays for its expenses on her credit card, she is most likely a(n)
Blank
______ and is
Blank
______ for all her credit card charges.

BlackTom题目解析

Question

If Sally owns her own business and pays for its expenses on her credit card, she is most likely a(n) 
Blank
______ and is 
Blank
______ for all her credit card charges.

BlackTom题目解析

BlackTom AI · Accepted Answer

The question asks about the likely business structure and personal liability when Sally uses her own credit card to pay for her business expenses.
Option 1: 'partnership, not likely to be liable' — This would imply Sally is in a partnership and that she is not liable for the partnership's credit card charges. In a typical partnership, partners generally share liability for debts incurred by the business, and unless there is a specific limited partnership arrangement, partners can be personally liable. Also, the scenario describes Sally as owning her own business, which does not indicate a partnership. Therefore this option misstates both the likely structure and the liability.
Option 2: 'partnership, partially liable' — Here, the suggestion is that Sally is in a partnership but only partially liable for charges. In most traditional partnerships, each general partner is personally liable for partnership debts, and the concept of being only partially liable is not a standard characterization. This option remains inconsistent with the typical liability pattern unless there were limited partners or specific agreement, which the question does not imply. Hence this is not the best fit.
Option 3: 'sole proprietor, personally liable' — This aligns with the standard understanding that when an individual owns a business as a sole proprietor, she is personally liable for business debts and charges, including expenses charged to her personal credit card for the business. There is no separate legal entity shielding the owner from liability in a sole proprietorship, so personal liability is expected. This option correctly matches both the ownership form and the liability exposure described.
Option 4: 'sole proprietor, not liable' — This would imply a sole proprietorship with no personal liability for business charges, which contradicts the fundamental principle of a sole proprietorship where the owner is personally liable for business obligations. Therefore this statement is incorrect.
In summary, the scenarios that involve partnerships misstate both the ownership type and the typical liability pattern, while the sole proprietor options correctly reflect ownership but only one of them correctly states liability. The accurate pairing given the situation is that Sally is a sole proprietor who is personally liable for all her credit card charges.

If Sally owns her own business and pays for its expenses on her credit card, she is most likely a(n) Blank and is Blank for all her credit card charges. BlackTom题目解析

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If Sally owns her own business and pays for its expenses on her credit card, she is most likely a(n) Blank ______ and is Blank ______ for all her credit card charges. BlackTom题目解析