Justin Lapierre Decided to Operate His Own Web Design Firm

question 7

Multiple Choice

Justin Lapierre decided to operate his own Web design firm and is leaning toward organizing it as a sole proprietorship. What is one factor Justin should realize in choosing this form of business?

• A) He will be creating a business that is legally separate and distinct from himself.
• B) He will be required to fill out special forms and pay proprietorship fees to get the company legally established.
• C) He will incur the problem of double taxation.
• D) He will be exposing himself to unlimited personal liability for the company's debts.

Recognize the operational functions and the importance of pressure levels in different gear selector positions.

Understand the impact of the number of planetary pinions and the role of the planetary carrier assembly in torque transmission.

Explain the use and advantages of multiple disc clutches in truck automatic transmissions.

Comprehend the effects of modulator pressure on transmission shifts and the factors determining transmission governor pressure.

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Definitions:

Nonprofits

Organizations that operate for charitable, educational, cultural, scientific, or social purposes rather than profit, reinvesting excess revenue in their mission.

True Needs

The basic requirements or necessities that are essential for an individual's well-being and survival.

Buying Things

The act of obtaining goods or services in exchange for money or other forms of payment.