Which of the Following Is True of a Business Operating

question 72

Multiple Choice

Which of the following is true of a business operating under sole proprietorship?

• A)It is not considered a separate legal entity.
• B)It cannot be sold when the owner decides to do so.
• C)It requires governmental approval when being transferred.
• D)It has access to unrestricted capital by means of investments.

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Definitions:

Variable Ratio Schedules

In behavioral psychology, a reinforcement schedule where a response is rewarded after an unpredictable number of responses, enhancing motivation to respond.

Extinction

The process of eliminating a behavior by stopping the reinforcement that previously followed that behavior, often used in behavioral psychology and organizational management.

Productivity

The efficiency of production of goods or services measured by the output per unit of input.

ERG Theory

A motivation theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting individuals are motivated by these needs in a hierarchical fashion.