Which of the Following Statements Is Incorrect Regarding Sole Proprietorships

question 75

Multiple Choice

Which of the following statements is incorrect regarding sole proprietorships?

• A) There is one owner.
• B) Sole proprietor is in full control.
• C) Business ends at the owner's death or loss of interest in the business.
• D) Liquidity of the investment is high.
• E) Money must be raised by the sole proprietor.

Understand the importance of qualification and performance history of suppliers for project success.

Grasp the significance of payment schedules and clauses in vendor and supplier contracts.

Acknowledge the ending phase of projects as an opportunity for enhancing customer and team satisfaction.

Realize the complexities involved in procurement and the selection of commodities or services based on their characteristics.

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Definitions:

Concrete External Traits

Observable characteristics that can be easily seen and identified by others in the external environment.

Empathy

The ability to understand and share the feelings of another person, essentially placing oneself in another's position emotionally.

Egalitarian

Pertaining to the belief that every individual is equal and should have the same rights and chances.

Sensitivity

The quality or condition of being easily affected by external stimuli or being aware of and able to intuitively feel subtle changes or emotions.