One of the Major Disadvantages of a Sole Proprietorship Is

question 349

Multiple Choice

One of the major disadvantages of a sole proprietorship is the:

• A)Possibility of disagreements between owners.
• B)Unlimited liability the owner has for the debts of the firm.
• C)Fact that any income earned by this type of business is taxed twice.
• D)High cost of starting or ending the company.

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Definitions:

Consistent Models

Models or frameworks that are applied uniformly and reliably over time in similar situations or conditions.

Servant Leaders

Leaders who prioritize the needs of their team or followers over their own, aiming to enhance others' growth, autonomy, and well-being.

Researcher(s)

Individuals or groups that conduct systematic investigations to establish facts or principles, typically in an academic or professional context.

Servant Leader

A leadership philosophy where the main goal of the leader is to serve others, prioritizing the needs of the team or organization over their own.