A Sole Proprietor Legally Dissolves When ________

question 135

Multiple Choice

A sole proprietor legally dissolves when ________.

• A) sales exceed $1 million
• B) the partners reorganize the firm's structure
• C) earnings are less than $500,000
• D) the owner dies

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Definitions:

Coping Mechanism

Strategies or behaviors employed by individuals to manage stress, conflicts, or emotional problems.

High Level of Fear

An intense emotional state caused by the perception of imminent danger or threat.

Terminal Values

Terminal values are the deeply held beliefs and principles that an individual or culture sees as ultimate goals and ends in life, such as happiness, success, and peace.

Instrumental Values

Core values that reflect beliefs about the means to achieve desired ends.