If the Owner of a Sole Proprietorship Retires or Dies

question 61

True/False

If the owner of a sole proprietorship retires or dies, the owner's heirs may take over a profitable business and either sell it or continue to operate it.

Understand the concept and application of break-even analysis in training programs.

Recognize the importance of connecting learning and development with business impact data.

Differentiate between cost-effectiveness and cost-benefit evaluations in training programs.

Identify the assumptions and limitations associated with cost-effectiveness evaluations.

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Definitions:

Outgoing

A personality trait characterized by a person being sociable, extroverted, and willing to engage with others.

Reserved People

Individuals who are naturally reticent, shy, or inclined to keep their thoughts and feelings to themselves.

Possible Selves

One’s conceptions about the kind of person one might become in the future.

Past Experiences

All events, learning, and personal development that have occurred in an individual's life before the present time.