Compared to a Corporation,a Sole Proprietorship Is Usually Considered More

question 53

True/False

Compared to a corporation,a sole proprietorship is usually considered more legitimate by customers,suppliers,and investors.

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Definitions:

Health Insurance Coverage

A contract that requires an insurer to pay some or all of a person's healthcare costs in exchange for a premium, aiming to mitigate financial risk and costs related to health.

Employment-Based Insurance

Employment-based insurance refers to health insurance provided by an employer as part of an employee benefits package, typically covering medical expenses and sometimes dental and vision care.

Adverse Selection Death Spiral

A situation in insurance markets where rising premiums cause healthy people to drop coverage, leaving a pool of mainly high-risk insureds, leading to further rate increases and potentially the collapse of the market.

U.S. Government

The federal government of the United States, consisting of three branches: executive, legislative, and judicial, established by the Constitution.