Frank Would Like to Avoid Personal Financial Loss If His

question 25

Multiple Choice

Frank would like to avoid personal financial loss if his business idea does not work. Which of the following forms of ownership would you suggest?

• A) Sole proprietorship
• B) Partnership
• C) Professional corporation
• D) Corporation

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Definitions:

Psychological Factors

Elements of a person's psychological state that influence their behavior and well-being, such as attitudes, emotions, and motivations.

Depressive Disorder

A mood disorder characterized by persistent feelings of sadness, hopelessness, and loss of interest in activities, often accompanied by physical symptoms.

Mood Disorder

A psychological disorder characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Major Depressive Disorder

A mental disorder characterized by persistent feelings of sadness, loss of interest in activities, and other symptoms that impair daily functioning.