A Business That Is Not a Legal Entity, Where There

question 22

Multiple Choice

A business that is not a legal entity, where there is one owner who is fully liable for all debts, is:

• A)a proprietary company.
• B)a partnership.
• C)a sole proprietorship.
• D)none of the above.

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Definitions:

Primary Aging

Refers to the gradual and inevitable process of bodily deterioration that occurs throughout life.

Secondary Aging

The changes in physical and cognitive function that are due to illness, health habits, and other individual factors, rather than the aging process itself.

Intellectual Gains

Increases in mental capacity and understanding, often resulting from learning, experience, or education.

Middle Adulthood

A life stage typically occurring from ages 40 to 65, characterized by stability, maturity, and an increased focus on personal and professional achievement.