Which of the Following Is True Concerning a Sole Proprietorship

question 110

Multiple Choice

Which of the following is true concerning a sole proprietorship?

• A)It is a separate legal entity.
• B)It may have more than one class of stock outstanding.
• C)It is owned by one or more persons.
• D)The separate entity concept applies.

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Definitions:

Hierarchy Needs

A theory in psychology, proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, which form a hierarchy.

Self-actualization

The realisation or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in a priority, culminating in self-actualization.

Will Meaning

Denotes the mental faculty by which one deliberately chooses or decides upon a course of action.