Chase, the Owner of Data Master, a Sole Proprietorship, Wants

question 64

Multiple Choice

Chase, the owner of Data Master, a sole proprietorship, wants to obtain additional business capital. This opportunity is most likely limited to

• A)borrowing funds.
• B)bringing in partners.
• C)issuing stock.
• D)selling the business.

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Definitions:

Employment Agreement

An official document outlining the terms and conditions of employment between an employer and employee.

Traditional Rule

A conventional or longstanding guideline or principle that is generally followed within a specific field or context.

Modification of Rule

The process of formally changing or amending a rule or regulation, typically through an established legal or administrative procedure.

Disaffirmance

The act of denying, rejecting, or declaring void a contract or agreement, particularly in the context of minors or under certain legal conditions.