The Major Reason Why Businesses Change from Sole Proprietorships to Other

question 76

Multiple Choice

The major reason why businesses change from sole proprietorships to other forms of ownership is to

• A) gain unlimited liability.
• B) avoid unlimited liability.
• C) avoid lack of continuity.
• D) obtain help and eliminate the problem of too much to do in one day.
• E) offer advancement opportunities for employees.

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Definitions:

Self-Absorption

Self-Absorption is intense focus on oneself and one's own feelings, interests, and well-being, often at the expense of others.

Situational Low Self-Esteem

A temporary decrease in confidence and self-worth triggered by specific situations or events.

Major Depressive Disorder

A clinical condition where an individual suffers from severe depression symptoms that interfere with daily life and functionality.

Powerlessness

The feeling of lacking control or influence over one's own life or external circumstances.