A Proprietor Has Unlimited Liability for the Debts and Obligations

question 73

True/False

A proprietor has unlimited liability for the debts and obligations of the proprietorship.

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Definitions:

Ingroup Bias

Describes the tendency to favor members of one's own group over those from external groups.

Just-world Phenomenon

The cognitive bias to believe that the world is just and people get what they deserve, often used to rationalize injustice.

Dispositional Attribution

The attribution of behavior to internal factors, such as personality or disposition.

Gender Categorization

The classification of individuals, typically as male or female, based on a combination of biological, social, and cultural cues.