Which One of the Following Statements Correctly Applies to a Sole

question 36

Multiple Choice

Which one of the following statements correctly applies to a sole proprietorship?

• A)The business entity has an unlimited life.
• B)The ownership can easily be transferred to another individual.
• C)The owner enjoys limited liability for the firm's debts.
• D)Debt financing is easy to arrange in the firm's name.
• E)Obtaining additional equity is dependent on the owner's personal finances.

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Definitions:

Stigmatized Groups

Social groups that are subjected to discrimination, prejudice, and negative stereotyping based on perceived differences from the majority.

Performance Shortfalls

Situations where the actual outcomes do not meet the expected standards or goals, often leading to analysis and adjustment in strategies.

Stigma Consciousness

The awareness and concern over being stereotyped or judged by others based on a particular trait or characteristic.

Stereotype

A common, yet simplified and rigid perception or representation of a specific kind of individual or object.