If an Individual Forms a Sole Proprietorship, Which Nontax Factor

question 47

Multiple Choice

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

• A) Liability protection.
• B) Legal flexibility in defining rights and responsibilities of owners.
• C) Facilitates initial public offerings.
• D) Minimal time and cost to organize.

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Definitions:

Cardiopulmonary Resuscitation

A lifesaving technique used in medical emergencies, involving chest compressions often combined with artificial ventilation, to preserve brain function until further measures to restore spontaneous blood circulation and breathing in a person who is in cardiac arrest.

Brittle Bones

A term commonly associated with osteogenesis imperfecta, a genetic disorder characterized by fragile bones that break easily.

Malpractice

Professional negligence by act or omission by a healthcare provider where the treatment provided falls below the accepted standard of practice.

Chest Compressions

A life-saving technique that involves pressing down on a person's chest in a specific manner to maintain blood circulation during cardiac arrest.