One Advantage of a Proprietorship Is That

question 42

Multiple Choice

One advantage of a proprietorship is that

• A) it is relatively easy to raise financial capital for a proprietorship.
• B) a proprietorship is relatively easy to form and to dissolve.
• C) there are limits to the possible liabilities of the owner.
• D) depreciation rates on capital are higher.

Understand the principles of ecosystem engineering and its impacts on habitats.

Explain the concept of trophic cascades and their ecological consequences.

Evaluate the importance of species diversity and the mechanisms that maintain it.

Discern the implications of species extinctions on community dynamics and ecosystem functions.

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Definitions:

Net Income

The concluding profit figure for a company, arrived at by deducting every type of expense and tax from its complete revenue.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since it was put into use, reflecting usage or wear and tear.

Service Fees Earned

Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.

Work Sheet

A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.