The Sole Proprietorship Form of Ownership Tends to Be Attractive

question 265

True/False

The sole proprietorship form of ownership tends to be attractive to people who want to invest in a company without taking an active role in management.

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Definitions:

Ethically Bound

Obligation to adhere to a set of moral principles and standards of behavior, particularly in professional settings.

Eyewitness Testimony

Evidence given by a person who has witnessed an event or crime, regarding their observations.

Legal System

The system of rules and guidelines, usually enforced through a set of institutions, used to govern a community, society, or country.

Confidence

The feeling of self-assurance arising from an appreciation of one's own abilities or qualities.