Ralph Florez Owns and Operates His Own Business as a Sole

question 67

True/False

Ralph Florez owns and operates his own business as a sole proprietor. Recently his company was sued. The fact that Ralph has organized his business as a sole proprietorship means that Ralph is protected against any financial loss if the company loses the lawsuit.

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Definitions:

Fatty Acids

Long chains of hydrocarbon molecules with a carboxylic acid group, which are components of lipids and play roles in energy storage and cellular structure.

Potassium Ion

A positively charged ion (K+) essential for various biological processes, including nerve transmission and muscle contraction.

Simple Diffusion

The movement of molecules from an area of higher concentration to an area of lower concentration without the need for energy input or assistance of membrane proteins.

Cellular Membrane

The cellular membrane, or plasma membrane, is the biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.