Rhode Island Barbering Practice Exam

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Prepare for the Rhode Island Barbering Exam with our engaging and comprehensive quiz. Dive into multiple choice questions that cover essential barbering topics, ensuring you have the knowledge needed to excel in your licensing test.

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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!

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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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