With Respect to Transferability of Ownership Interests, a Sole Proprietor

question 318

Multiple Choice

With respect to transferability of ownership interests, a sole proprietor may:

• A) not transfer her interests
• B) may only transfer her interest with approval of the state
• C) freely transfer her interests
• D) transfer her interests to family members only
• E) transfer her interests after paying a capital gains tax

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic factors like personal satisfaction or enjoyment of the task itself.

Intrinsic Motivation

The drive to engage in activities for their own sake, for the pleasure and satisfaction derived from the activities themselves, rather than for some external reward.

Affiliation

Describes a connection or association with a group, organization, or set of beliefs.

Intrinsic Motivation

The drive to engage in activities for their own sake, due to personal interest or enjoyment, rather than for external rewards.