The Proprietorship Form of Business Organization

question 44

Multiple Choice

The proprietorship form of business organization

• A) must have at least three owners in most states.
• B) represents the largest number of businesses in the United States.
• C) combines the records of the business with the personal records of the owner.
• D) is characterized by a legal distinction between the business as an economic unit and the owner.

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Definitions:

ESP

Extrasensory perception, the claimed ability to gain information without relying on known physical senses or deducing from previous experience.

Parapsychology

The study of paranormal and psychic phenomena, including telepathy, precognition, and extrasensory perception.

Sensation

The way in which our sense organs and nervous system perceive and depict the energy of stimuli around us.

Perception

The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.