In a Sole Proprietorship, the Is Entitled to Any Profits

question 94

Multiple Choice

In a sole proprietorship, the is entitled to any profits made by the firm but is also personally liable for all of the firm's debts or obligations.

• A) sole proprietor
• B) chief executive officer (CEO)
• C) business manager
• D) corporate head

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Definitions:

Dominant Gene

A gene that expresses its trait in the phenotype even when heterozygous, overshadowing the effect of a recessive gene if present.

Recessive Gene

A gene that can lead to a phenotype only when two copies are present, as opposed to a dominant gene where one copy is sufficient for expression.

Genetic Map

A representation of the positions of genes or markers on chromosomes, showing their relative distances.

Cleft Palate

A congenital split in the roof of the mouth that occurs when the tissue doesn't fuse together during pregnancy.