One Advantage of Sole Proprietorships Is That Under the Principle

question 128

True/False

One advantage of sole proprietorships is that under the principle of vicarious liability, the sole proprietor is not responsible for any tort committed by an employee during the course of employment.

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Definitions:

Formal Vendor Analysis

A systematic evaluation of suppliers based on criteria such as price, quality, service, and capability to meet requirements.

Customer Relationships

The strategies and techniques a business uses to maintain and enhance interactions with its customers over time.

B2B Marketer

A professional or organization that specializes in marketing products or services to other businesses, rather than individual consumers.

B2B Markets

Business-to-business markets, where transactions of goods or services occur between businesses rather than between businesses and consumers.