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The profit margin on sales ratio does not provide insight into a firm's use of property, plant, and equipment.

A. True
B. False

User Chryss
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1 Answer

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Final answer:

The statement regarding proprietors in a proprietary colony is false because proprietors bore many responsibilities beyond just collecting profits, such as governance, law enforcement, and defense of the colony.

Step-by-step explanation:

The statement "In a proprietary colony, the Proprietors have no responsibilities except to collect the profits." is false. In proprietary colonies, proprietors had various responsibilities, including the governance and administration of the colony. They had to manage relationships with the colonists and the indigenous peoples, oversee the creation and enforcement of laws, and sometimes even defend the colony against external threats. While profit was indeed a goal, it was accompanied by numerous obligations essential for maintaining order and ensuring the colony's sustainability.

User Gergana
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