In the Context of Legal Forms of Business, Which of the Following

question 52

Multiple Choice

In the context of legal forms of business, which of the following is an area in which sole proprietorships differ from general partnerships?

• A)How the firm's income and losses are reported on tax forms
• B)Where the liability for the firm's debts and finances rests
• C)How much responsibility the owner or owners have for making business decisions
• D)The possibility of bringing in new equity partners

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Definitions:

Response Cost

A type of behavior modification technique that involves removing a reward or positive reinforcement to decrease unwanted behaviors.

Misbehavior

Actions or conduct that deviate from accepted standards or rules, often resulting in disruptive or undesirable outcomes in a group or individual context.

Magnitude

The size, extent, or importance of something, often used in a quantitative sense to describe intensity or scale.

Overcorrection

A term that encompasses several different techniques and behavioral principles to reduce inappropriate behavior. The objective is to have students practice repeatedly a positive behavior contingent on the performance of an inappropriate behavior.