A Difference Between a Proprietorship and a Partnership Is That

question 330

Multiple Choice

A difference between a proprietorship and a partnership is that

• A) a proprietorship is easy to form while a partnership is hard to form.
• B) a proprietorship has only one owner while a partnership has only two owners.
• C) a partnership allows for specialization while a proprietorship does not.
• D) the profits in a proprietorship are taxed only once while in a partnership they are taxed twice.

Recognize the role of personal characteristics in career planning.

Understand Holland's theory of career and personality types and its application to self-assessment and career exploration.

Identify the main subdivisions of the geologic timescale and their chronological order.

Understand methods for determining the density of earth materials.

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Definitions:

Labour Costs

Expenses related to compensating employees, including wages, salaries, benefits, and payroll taxes, significant for budgeting and financial planning.

Earnings Loss

The reduction in an individual's or entity's income, which can result from factors like unemployment, underemployment, or business downturns.

Destructive Stress

Impairs the performance of an individual.

Constructive Stress

Acts in a positive way to increase effort, stimulate creativity and encourage diligence in one’s work.