If a Proprietorship Cannot Pay Its Debts,the Creditors May Make

question 151

Multiple Choice

If a proprietorship cannot pay its debts,the creditors may make claims against the:

• A) assets of the proprietorship only.
• B) assets of the proprietor.
• C) state government.
• D) employees of the business.

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Definitions:

Relationship Conflict

Tensions, disagreements, or disputes arising from personal differences and affecting interpersonal connections within groups or teams.

Process Conflict

A type of conflict that arises from disagreements over the methods or procedures in achieving the goals or completing tasks.

Member Satisfaction

The level of happiness or contentment experienced by members of a group, organization, or service.

Team Performance

The efficiency, effectiveness, and productivity of a group of individuals working together towards common goals and objectives.