Final answer:
The statement about in-house security is true as it refers to a business owner employing their own security staff. However, it is false that Proprietors in a proprietary colony only collected profits; they also had many administrative duties and responsibilities toward the governance and welfare of the colony.
Step-by-step explanation:
The statement that in-house security means that the owner hires individuals to protect his or her property is true. In-house security refers to the practice where a business or property owner employs their own staff as security personnel instead of outsourcing this service to a third-party company. These employees are trained and responsible for the surveillance, protection, and safety of the premises. They have a direct employment relationship with the owner and are often more integrated into the company culture and operations as compared to contract security services.
When addressing the second part of the question, it is false to say that in a proprietary colony, the Proprietors have no responsibilities except to collect the profits. Proprietors in these colonies had numerous responsibilities, including the governance of the colony, establishing legal systems, managing relations with Indigenous people, and ensuring the colony's overall welfare and development. The role of Proprietors was multifaceted, involving both administrative duties and the challenge of managing a successful and profitable colony.