A Significant Disadvantage of Owning a Sole Proprietorship Is The

question 260

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.

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Definitions:

Monsoon

A seasonal wind pattern causing heavy rainfall, typically in the tropics, influencing climate and agriculture.

Seasonal Change

The variation in environmental conditions that occurs over regular periods due to Earth's orbit around the Sun, influencing temperature, weather, and ecosystems.

Sea-Surface Temperatures

The temperature of the ocean's surface, which influences climate and weather patterns.

El Niño

A climatic phenomenon occurring in the Pacific Ocean, characterized by unusually warm ocean temperatures in the Equatorial Pacific, affecting global weather patterns.