Once a Business Is Established, It's Almost Impossible to Change

question 26

True/False

Once a business is established, it's almost impossible to change from one form of business ownership to another.

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Definitions:

Unfunded Mandate Reform Act

A 1995 United States federal law aimed at limiting the number and cost of federal mandates imposed on state and local governments and private sector businesses.

Medicaid Coverage

A health insurance program in the United States for low-income individuals and families that provides medical and health-related services.

Affordable Care Act

Federal legislation passed in 2010 aimed at expanding healthcare coverage, reducing healthcare costs, and improving healthcare system efficiency in the United States.

Supremacy Clause

A provision in the U.S. Constitution that establishes that federal law takes precedence over state laws and constitutions when they are in conflict.