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.

Distinguish between nonsexual and sexual dual relationships and their ethical implications.

Understand how home visits and out-of-office visits fit into the context of boundary crossings.

Identify examples of multiple relationships and their potential impact on the therapeutic process.

Understand the criteria for making ethical decisions regarding multiple relationships according to professional guidelines.

---

Definitions:

Budget Constraint

Refers to the limitations on the consumption choices of individuals based on their income and the prices of goods and services.

Choice Set

A set of all possible options available to a consumer from which he or she can make a selection.

Area

In a geographical or economic context, can refer to a specified region or domain under consideration for its characteristics or resources.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.