The Major Reason Why Businesses Change from Sole Proprietorships to Other

question 76

Multiple Choice

The major reason why businesses change from sole proprietorships to other forms of ownership is to

• A) gain unlimited liability.
• B) avoid unlimited liability.
• C) avoid lack of continuity.
• D) obtain help and eliminate the problem of too much to do in one day.
• E) offer advancement opportunities for employees.

Evaluate the influence of personal biases on ethical behavior and self-perception.

Understand the concept of interdependence and independence within the context of cultures.

Identify the cultural encouragement on marital stability or divorce.

Recognize the cultural influences on personal values such as self-image and uniqueness.

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Definitions:

Monetary Jurisdiction

The legal authority of a court to hear cases and make decisions involving monetary disputes of a specified value.

Legal Fees

Charges imposed by lawyers or law firms for services provided or to be provided.

Small Claims Court

Small Claims Court is a type of court designed to resolve disputes involving relatively small financial amounts in a simplified and less formal setting.

Limitation Period

The maximum time after an event within which legal proceedings may be initiated.