The Proprietorship Form of Business Organization

question 47

Multiple Choice

The proprietorship form of business organization

• A) in most provinces, must have at least two owners.
• B) is often chosen for single owner operated businesses.
• C) is difficult to set up.
• D) is classified as a separate legal entity.

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Definitions:

Coping Response

Techniques or strategies used by individuals to deal with stressful situations and manage emotional distress.

Type B Behavior

A behavior pattern characterized by a relaxed, non-urgent approach to life, in contrast to the more stress-prone Type A behavior pattern.

Competitive

Involving or characterized by rivalry between entities to achieve a goal or superiority in a field.

Social Support

The perception and actuality of being cared for, having assistance available from other people, and belonging to a supportive social network.