Everything Else Equal, Including Firm Size, Dollar Sales, Type of Product

question 44

Multiple Choice

Everything else equal, including firm size, dollar sales, type of product sold, and so forth, the primary difference between the proprietorship and partnership business forms is that

• A)a partnership has more owners than a proprietorship.
• B)the combined personal liability associated with a partnership is significantly less than the combined personal liability associated with a proprietorship.
• C)a partnership generally is easier to form than a proprietorship.
• D)the annual growth rate of a proprietorship is limited by law, whereas the growth rate of a partnership is always potentially unlimited.
• E)there are many more businesses that are formed as partnerships than proprietorships.

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Definitions:

Professional Nursing Practice

The standards and guidelines that guide the ethical and clinical activities of registered nurses.

American Nurses' Association

A professional organization that represents the interests of registered nurses across the United States, aiming to advance the profession by fostering high standards of nursing practice.

Institute Of Medicine

An independent, nonprofit organization working outside of government to provide unbiased and authoritative advice to decision makers and the public on health and medical issues.

State Board Of Nursing

A regulatory agency in each state responsible for the licensure and discipline of nurses, ensuring the practice of nursing meets the established standards for safety and competency.