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:

Social Support

The feeling and reality of being looked after, appreciated, and integrated into a community of communication and shared responsibility.

Stressful Events

Situations or occurrences that cause strain or tension, typically resulting in physical or emotional stress.

Emotion-focused Coping

Strategies aimed at managing and reducing the intensity of negative emotions associated with stress rather than trying to solve the stressor itself.

Social Support

The perception and actuality of being cared for, valued, and part of a network of communication and mutual obligation.