The Following Are Advantages of Which Form of Business Ownership

question 6

Multiple Choice

The following are advantages of which form of business ownership: complete control over the business, few legal requirements and restrictions, and taxed as a single entity?

• A) sole proprietorship
• B) partnership
• C) corporation
• D) joint venture

Recognize the normative and informational influences that lead to conformity.

Understand the concept of reciprocity and how it is used in persuasion and compliance.

Explain the concept of reactance and its role in resisting persuasion and control.

Evaluate the ethical considerations in using persuasion and compliance tactics in various contexts.

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Definitions:

Capital Cost Allowance (CCA)

Depreciation for tax purposes, not necessarily the same as depreciation under International Financial Reporting Standards; depreciation method under Canadian tax law allowing for the accelerated write-off of property under various classifications.

After-Tax Operating Income

The income a company generates from its operations after subtracting taxes.

Required Return

The minimum expected return by investors for investing in a particular security or project, reflecting the risk level.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the short-term.