In Which Ownership and Management Alternative Is the Owner Personally

question 59

Multiple Choice

In which ownership and management alternative is the owner personally liable with regard to legal claims from suppliers,creditors,and others?

• A) franchising
• B) sole proprietorship
• C) corporation
• D) partnership

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Definitions:

Negative Stimuli

External or internal factors that induce a negative response from an organism, often leading to discomfort or avoidance behavior.

Midlife Transition

A psychological shift into middle adulthood that is theorized to occur between the ages of 40 and 45 as people begin to believe they have more to look back upon than forward to.

Daniel Levinson

A psychologist best known for his theory on adult development, especially the concept of "The Seasons of A Man's Life" which includes a series of developmental stages adults go through.

Sandwich Generation

The term given to middle-aged people who need to meet the demands of their own children and of aging parents.