Sole Proprietorships Can Be

question 28

Multiple Choice

Sole proprietorships can be

• A) sold.
• B) inherited.
• C) granted by gift.
• D) None of the above.

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Definitions:

Legalistic

An approach or behavior that is strictly focused on adhering to the letter of the law or rules, often with little flexibility.

Mediation

A method of conflict resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, that provide an alternative to litigation for resolving disputes between parties.

Arbitration

A form of alternative dispute resolution where a neutral third party (the arbitrator) makes a decision to resolve a dispute between two or more parties.