Which of the Following Is True About a Sole Proprietorship

question 21

Multiple Choice

Which of the following is true about a sole proprietorship?

• A)A sole proprietorship is a legal entity.
• B)A sole proprietorship cannot sue or be sued.
• C)A sole proprietorship as form of business can be transferred to someone else.
• D)A sole proprietorship has a life of its own apart from its owner.

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Definitions:

Subordinate Autonomy

The degree of independence or freedom given to lower-level employees in making decisions and taking actions.

Work Group Climate

The collective mood, attitudes, and behaviors that characterize a specific group within an organization, influencing its functioning and performance.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

LMX Quality

Refers to the quality of the leader-member exchange relationship, highlighting the dynamic and reciprocity between leaders and their followers.