Which of the Following Statements Describes an Advantage to the Owner

question 106

Multiple Choice

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

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

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Definitions:

Radicle

The first part of a seedling to emerge during the germination process, which develops into the primary root.

Phototropism

Directional response to light.

Auxin

Plant hormone that causes cell enlargement; also has a central role in growth and development by coordinating the effects of other hormones.

Hormone

Chemical messengers produced by glands in the body, transported in the bloodstream to target organs or tissues, influencing various physiological processes.