Suppose You Own a Proprietorship That Is in Serious Financial

question 120

Multiple Choice

Suppose you own a proprietorship that is in serious financial difficulty.The assets of the company are $100,000 but liabilities are $175,000.You also have,however,stock in General Motors worth $200,000.If you file for bankruptcy,what amount of personal assets do you stand to lose?

• A)$100,000
• B)$75,000
• C)$200,000
• D)$275,000
• E)$375,000

---

Definitions:

Black Farmers

Refers to agriculturalists of African descent who have historically faced socioeconomic disparities, yet contribute significantly to agriculture.

Political Clout

The influence or power one has within political realms to effect change or sway decisions.

Deep South

Refers to the southeastern region of the United States, historically known for its agricultural economy, slavery before the Civil War, and enduring racial tensions.

Civil Service Commission

A government agency responsible for overseeing the hiring and promotion of government employees, ensuring fairness and merit-based selection.