The Features of a Sole Proprietorship Include All the Following

question 32

Multiple Choice

The features of a sole proprietorship include all the following except

• A) a lot of government paperwork.
• B) simple to form.
• C) easy to dissolve.
• D) limited resources.
• E) unlimited liabilities.

Understand the concept of common-property resources and their availability.

Differentiate between sustainable and economic development.

Learn about the pace and implication of exponential growth.

Identify various types of resources, including non-metallic mineral resources.

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Definitions:

Consumerism

An economic and social system that promotes the continuous increase in purchasing and consuming goods and services.

Grassroots Movement

A movement driven by the politics of a community. It's built from the bottom up, demanding change or action from the wider society.

Consumer Product Safety Act

A United States federal law, enacted in 1972, that establishes guidelines and authority to regulate the safety of consumer products.

FTC Act

A United States law, established in 1914, aimed at promoting competition and protecting consumers from misleading or deceptive practices.