A Proprietorship Is

question 374

Multiple Choice

A proprietorship is

• A) difficult to form.
• B) taxed twice-once when it pays business taxes and again when its owner pays personal income taxes.
• C) not often found in developed economies, in which corporations have become the most common form of business organization.
• D) risky for its owner, who is personally responsible for the firm's debts.

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Definitions:

MCR Command

Stands for Master Control Reset, a command in automation and control systems that resets the operation or process to a default or initial state.

Transformer

"An electric device that converts a circuit’s electrical energy into a circuit or circuits with different voltages and current ratings."

Controller

A device or set of devices that manages, commands, directs, or regulates the behavior of other devices or systems.

Main Power Lines

The primary electrical transmission and distribution lines carrying high voltage electricity from power plants to substations before distribution to consumers.