Which of the Following Statements Describes an Advantage to the Owner

question 102

Multiple Choice

Which of the following statements describes an advantage to the owner of a single proprietorship?

• A)The firm has a legal existence separate from its owner.
• B)Shares of the firm can be traded on any stock exchange.
• C)He or she has limited liability.
• D)The owner's liability is limited to the amount he or she actually invests in the firm.
• E)The owner can readily maintain full and complete control over every aspect of the firm's operation.

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Definitions:

Francis Galton

A 19th-century English polymath known for his contributions to fields like statistics, psychology, and anthropology, particularly for pioneering studies in eugenics and psychometrics.

High Intelligence

A significantly above average level of cognitive capability, including the abilities to learn, understand, reason, and solve problems effectively.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

IQ Scores

Standardized scores derived from intelligence tests, designed to measure human intelligence as a relative performance to others.