The Sole Proprietorship Form of Business ________

question 23

Multiple Choice

The sole proprietorship form of business ________.

• A)enjoys an indefinite life
• B)has limited liability for the business's debts
• C)is a common form of organization for small businesses
• D)is a separate taxable entity from its owner

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Definitions:

Deindividuation

A psychological state of decreased self-awareness and diminished social identity, leading to uninhibited and sometimes antisocial behavior.

Independent

Not influenced or controlled by others; having autonomy or freedom to act or make decisions.

Interdependent

A state or condition in which individuals or groups are mutually reliant on each other.

Western Cultures

Societies primarily in the Western hemisphere, characterized by values of democracy, rationalism, individualism, and technological innovation, among others.