Oklahoma Barber Practice Exam

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Prepare for the Oklahoma Barber Exam. Test your knowledge with flashcards and multiple-choice questions, each featuring helpful hints and explanations. Achieve success on your exam!

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Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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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