A Local Retail Shop Has Been Operating as a Sole

question 58

Multiple Choice

A local retail shop has been operating as a sole proprietorship.The business is growing and now the owner wants to incorporate.Which of the following is not a reason for this owner to incorporate?

• A)Ability to raise capital for expansion
• B)Desire to limit the owner's personal liability
• C)The prestige of operating as a corporation
• D)The ease in transferring shares of the corporation's stock

---

Definitions:

Seventh Stage

This can refer to different models, but in Erikson's stages of psychosocial development, the seventh stage pertains to the challenge of generativity versus stagnation in middle adulthood.

Basic Strength

Refers to the fundamental abilities or qualities that an individual possesses, which help in achieving success or overcoming challenges.

Adulthood

A stage of human development characterized by matured physical growth, psychological development, and the assumption of adult responsibilities and roles.

Wisdom

The quality of having deep knowledge, insight, and judgment, often acquired through experience and reflection.