In a Sole Proprietorship,the Owner ________

question 79

Multiple Choice

In a sole proprietorship,the owner ________.

• A) obtains limited liability protection on the business's actions
• B) is taxed more than once for the income generated
• C) and the business are legally inseparable
• D) has lesser responsibility compared to other forms
• E) does not have personal liability for the transactions of the business

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Definitions:

Zone of Proximal Development

The difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Private Speech

Self-directed speech that individuals, especially children, use to guide their own actions and thoughts, playing a key role in cognitive development according to Vygotsky.

Imaginary Audience

A psychological concept where an individual believes that his or her behavior is constantly being watched and judged by others, often seen in adolescence.

Adolescent Egocentrism

A characteristic of adolescence involving difficulty distinguishing between one's own perspective and someone else's perspective.