Examlex
GPA and Class A college professor classifies his students according to their grade point average (GPA)and their class rank. GPA is on a 0.0-4.0 scale, and class rank is defined as the under class (freshmen and sophomores)and the upper class (juniors and seniors). One student is selected at random.
{GPA and Class Narrative} If the student selected is in the upper class, what is the probability that her GPA is between 2.0 and 3.0?
Proprietor Form
A business structure owned by a single individual, where the owner and the business are legally the same entity.
Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, often seen in the taxation of corporate profits and then again when dividends are paid to shareholders.
Limited Liability
An advantage of the corporate form. Stockholder liability for the actions of a company is limited to the value of the stock. That is, a suit against the corporation cannot be made against a stockholder simply because the stockholder is an owner.
Proprietorships
A type of business entity that is owned and operated by a single individual, without any legal distinction between the owner and the business.
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