Question

The stockholders of a business have a priority claim to its assets in the event of liquidation. This statement is:

a. True
b. False

Answer 1

In a proprietary colony, the proprietors have responsibilities beyond just collecting profits.

Step-by-step explanation:

b. False

In a proprietary colony, the proprietors have responsibilities beyond just collecting profits. They are responsible for governing and managing the colony, including making decisions about the allocation of resources, establishing laws and regulations, and maintaining order. The proprietors also have a duty to protect the interests of the colonists and ensure their well-being.