Under the Proprietorship Form of Business Organization, No Distinction Is

question 97

True/False

Under the proprietorship form of business organization, no distinction is made between the business as an economic unit and its owner.

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Definitions:

Ovum

A female gamete or egg cell that, when fertilized by a sperm, begins the process of developing into a new organism.

Sperm

Male reproductive cells or gametes in sexually reproducing organisms that combine with the female gamete, leading to fertilization and the development of a new organism.

Teratogen

Any factor that can cause a birth defect.

Birth Defect

A physical or biochemical abnormality that is present at birth and that may cause physical or mental disability.