Question

Investors accept that the management team draws a large salary for their contributions in early operations. True or False?

1) True
2) False

Answer 1

In a proprietary colony, the statement that the proprietors have no responsibilities except to collect the profits is false.

Step-by-step explanation:

In a proprietary colony, the statement that the proprietors have no responsibilities except to collect the profits is false. A proprietary colony is a type of colony in which the king or queen granted land to one or more individuals, called proprietors, who had the authority to govern the colony and collect taxes. The proprietors were responsible for managing the colony, establishing laws, and ensuring its overall success. They had various duties and responsibilities beyond just collecting profits.