Since Sole Proprietorships Are Extensions of Their Owners, They

question 121

Multiple Choice

Since sole proprietorships are extensions of their owners, they:

• A) lack permanence.
• B) offer limited liability.
• C) have the ability to pool financial resources.
• D) lack tax advantage.

---

Definitions:

Abiotic Environment

Inanimate chemical and physical components of the environment influencing living beings and ecosystem operations.

Biological Community

A group of interacting organisms of different species living in a common location.

Fundamental Niche

The potential niche an organism can occupy in an ecosystem, without taking into account competition and other biotic factors.

Realized Niche

The actual conditions and resources in which an organism or population lives and reproduces, considering biotic and abiotic factors.