Indicate by a PRP If the Characteristic Applies to a Sole

question 3

Short Answer

Indicate by a PRP if the characteristic applies to a sole proprietorship, an SC if it applies to an S corporation, and a PAR if it applies to a partnership, and N if it does not apply to any of the three businesses. A characteristic can apply to more than one entity; write a brief explanation if a characteristic may only apply under certain conditions.
-____ 9. Owners may participate in all tax-free employee fringe benefits.

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Definitions:

Competitive

Characterized by or involving competition; striving to gain or win something by defeating or establishing superiority over others.

Cooperative

An approach in negotiations characterized by mutual assistance, joint effort, and teamwork to achieve a common goal.

Altered Information Tactic

A negotiation strategy involving the deliberate modification or distortion of information to influence the perceptions or decisions of the other party.

Detect Deception

The ability or methods used to identify instances of deceit or falsehoods in communication or behavior.