A Significant Disadvantage of Owning a Sole Proprietorship Is the

question 288

Multiple Choice

A significant disadvantage of owning a sole proprietorship is the

• A) possibility of limited liability.
• B) heavy tax liability that must be assumed.
• C) overwhelming time commitment often required of the owner.
• D) lack of incentives to motivate the owner.

Understand the mechanics and expectations behind mortgage securities.

Identify and recognize the implications of the agency problem within financial contexts.

Distinguish between real and financial assets and understand mortgage loan types and regulations.

Understand the fundamental concepts and characteristic assumptions of behaviorism.

---

Definitions:

Mycorrhizae

Mutualistic associations of fungi and plant roots that aid in the plant’s absorption of essential minerals from the soil. Hyphae of ectomycorrhizal fungi coat plant roots; those of endomycorrhizal fungi penetrate plant cell walls (see arbuscules).

Ascospores

Sexual spores produced within the ascus of ascomycete fungi during the sexual phase of their life cycle.

Zygospores

Thick-walled resting spores formed by the union of two morphologically similar or dissimilar haploid cells, commonly found in fungi and some protists.

Ascospores

Spores produced by ascus, a type of fungal hyphae, during the sexual reproduction phase of ascomycetes.