Sole Proprietors Can Look Only to Their Own Resources to Finance

question 157

Multiple Choice

Sole proprietors can look only to their own resources to finance the business operation; they cannot sell shares and are restricted to their own ___________ standing when borrowing money to finance the business.

• A) asset
• B) debt
• C) profit
• D) credit
• E) retained earnings

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Definitions:

Doublet

In spectroscopy, a pattern indicating two closely linked energy levels or particles, often seen in NMR or EPR spectroscopy.

NMR

Nuclear Magnetic Resonance, a spectroscopic technique used to study the structure of molecules by observing the interaction of nuclear spins with magnetic fields.

IR

Infrared spectroscopy, a technique used to identify molecular structures based on their absorption of infrared light, which causes molecular vibrations.

Doublet

A pattern seen in NMR spectroscopy indicating two adjacent hydrogen atoms influencing a signal.