The Owner of a Sole Proprietorship

question 75

Multiple Choice

The owner of a sole proprietorship

• A)has unlimited liability and is responsible for all debts of the firm.
• B)assumes no responsibility for any debt of the firm and enjoys only limited profits.
• C)assumes no responsibility for any debt of the firm but also receives no profits
• D)has limited liability and shares the responsibility of all debts of the firm with others.
• E)has limited liability up to the total value of her or his own personal property.

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Definitions:

Genetic Explanation

An explanation for traits, behaviors, or conditions based on genes and heredity, emphasizing the influence of genetic makeup on individuals.

Obesity Rates

The proportion of individuals in a population who classify as obese based on body mass index (BMI) criteria.

Satiation

The feeling of fullness and satisfaction that occurs during a meal and halts eating, which helps to regulate food intake.

High in Carbohydrates

Referring to foods or diets that contain a large proportion of carbohydrates, which are essential for energy but can contribute to weight gain when consumed in excess.