One Danger of Starting a Proprietorship Is That You May

question 24

True/False

One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt.This problem would be avoided if you formed a corporation to operate the business.

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Definitions:

Recentering

The process of adjusting or shifting focus, priorities, or resources back towards a central or core objective or value.

Codetermination

Codetermination is a practice where workers participate in the management of a company, often through representation on its board, aiming to incorporate employee interests in decision-making processes.

Dejobbing

Dejobbing refers to the process of restructuring or redesigning work in a way that traditional job definitions and classifications become less relevant, often in response to changes in technology or market demands.

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.