The Proprietorship Form of Business Organization

question 72

Multiple Choice

The proprietorship form of business organization

• A)must have at least two owners in most states.
• B)generally receives favorable tax treatment relative to a corporation.
• C)combines the records of the business with the personal records of the owner.
• D)is classified as a separate legal entity.

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Definitions:

Gift-Cards

Prepaid stored-value money cards, issued by a retailer or bank, used as an alternative to cash for purchases within a particular store or related businesses.

Team Excellence

The achievement of superior outcomes and performance by a group, through effective collaboration, communication, and coordination.

Personal Values

The core beliefs or standards that individuals hold as being of paramount importance, guiding their behavior and decisions.

Leadership Function

The role or actions taken by a leader to influence, guide, and direct a group towards achieving certain goals or objectives.