Sole Proprietorships

question 42

Multiple Choice

Sole proprietorships:

• A)have no time limit on how long they may exist.
• B)are perpetual.
• C)continue even upon the death of the owner.
• D)allow a member of the deceased partner's family take over as a partner.

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Definitions:

Sample Proportion

The part of a sample that has a particular attribute, often used in statistical analysis.

Margin of Error

An indicator of the confidence in the results of a survey or experiment, reflecting the maximum expected difference between the true population parameter and a sample estimate.

Confidence Interval

A spectrum of values obtained from sample statistics that has a high probability of encompassing an unknown parameter of the population.

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.