When a Business Is Owned and Operated by a Single

question 361

Multiple Choice

When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a

• A) partnership.
• B) conglomerate.
• C) corporation.
• D) proprietorship.

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Definitions:

Perspective Taking

The cognitive process of considering another person's viewpoint.

In-Group Member

An individual who belongs to and identifies with a particular group or category, often sharing a sense of solidarity and identity.

Out-Group Member

An individual who is not considered part of the dominant group within a specific context, often leading to a sense of exclusion or marginalization.

Serious Transgression

A significant violation or breach of rules, ethics, or standards, often resulting in disciplinary action.