A Proprietorship Is

question 374

Multiple Choice

A proprietorship is

• A) difficult to form.
• B) taxed twice-once when it pays business taxes and again when its owner pays personal income taxes.
• C) not often found in developed economies, in which corporations have become the most common form of business organization.
• D) risky for its owner, who is personally responsible for the firm's debts.

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Definitions:

Hypomagnesemia

A medical condition characterized by lower than normal levels of magnesium in the blood.

Magnesium Deficiency

A health condition resulting from an insufficient amount of magnesium in the body.

Minerals

Naturally occurring inorganic substances that have a definite chemical composition and physical properties, essential to various bodily functions when consumed through the diet.

Inorganic Substances

Chemical compounds not containing carbon-hydrogen bonds, typically originating from minerals.