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Business overhead expense (B.O.E.) insurance does not provide benefits to cover the business owner's salary.

a) True
b) False

1 Answer

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Final answer:

The statement that proprietors in a proprietary colony only had the responsibility to collect profits is false. Proprietors had several duties including administration, finance management, and maintaining order within the colony.

Step-by-step explanation:

The statement that in a proprietary colony, the Proprietors have no responsibilities except to collect the profits is false. Proprietors in a proprietary colony indeed had a variety of obligations. They were responsible for the administration of the colony, which included maintaining order, overseeing the colony's finances, appointing officials, and sometimes being involved in the defense of the colony.

It was crucial for the proprietors to balance profit with the successful and sustainable management of the colony's affairs, infrastructure, and inhabitant welfare. This belief about proprietors' responsibilities is a common misconception about colonial administration.

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