The Right to Profit Means the ______

question 107

Multiple Choice

The right to profit means the ______.

• A) risk taker is guaranteed the right to all profits (after taxes) that are earned by the business
• B) right to go into or out of business at any point and for any reason
• C) government will guarantee a profit
• D) right to all benefits resulting from the ownership of property

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Definitions:

Physical Existence

Physical existence refers to the state of being tangible, having a material body or form that can be perceived by the senses.

Gift Inter Vivos

A gift made during the giver's lifetime, as opposed to a bequest or legacy left in a will.

Birthday Gift

An item or service given to someone on the occasion of their birthday without expectation of payment.

Inherits

To receive property, titles, or rights from a deceased person's estate according to a will or as determined by law.