Which of These Statements Is True in Regard to the Sole

question 17

Multiple Choice

Which of these statements is true in regard to the sole proprietorship form of business

• A) You are required to share profits with others
• B) If you die, the business continues.
• C) If the company borrows money from a bank, you are not personally liable for the debt
• D) It makes financing more difficult

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Definitions:

Classical Management Approaches

Early theories of organizational management focusing on efficiency, hierarchy, and clear division of labor.

Adult Personality

The patterns of thoughts, feelings, and behaviors that are characteristic of an adult and distinguish them from others.

Management Practices

Management Practices encompass the strategies, methods, and actions used by leaders and managers to administer and direct organizations towards achieving their objectives.

Self-fulfilling Prophecy

A belief or expectation that influences behaviors in a way that causes the belief to become true.