If an Individual Forms a Sole Proprietorship, Which Nontax Factor

question 63

Multiple Choice

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

• A) Legal flexibility in defining rights and responsibilities of owners.
• B) Facilitates initial public offerings.
• C) Minimal time and cost to organize.
• D) Liability protection.

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Definitions:

Emotional Expression

The act of conveying one's emotional state through behaviors, gestures, and verbalizations.

Cognitive Theory

A framework that emphasizes the role of mental processes in understanding human behavior, emotions, and thought.

Physiological Processes

Biological functions or activities involved in the normal workings of living organisms, such as metabolism, digestion, and blood circulation.

Schachter And Singer

Two psychologists who proposed the two-factor theory of emotion, which contends that physical arousal and cognitive labeling based on environmental context jointly create the experience of emotion.