What Is the Primary Disadvantage of a Sole Proprietorship That

question 45

Multiple Choice

What is the primary disadvantage of a sole proprietorship that a corporation overcomes?

• A) tax complications
• B) unlimited liability
• C) ease of start-up
• D) lack of secrecy

---

Definitions:

Worldwide Economic Problems

Refers to financial challenges affecting countries globally, including inflation, unemployment, and debt crises.

Corporate Interests

The objectives or goals that a corporation prioritizes, often focusing on profit maximization and market expansion.

Immigration Laws

Regulations established by a country to control who can enter or leave, how long they may stay, and what activities they may undertake while present.

Immigrant Population

Refers to the group of individuals living in a country other than their birth or citizenship country, often highlighting aspects of demographic shifts, cultural diversity, and social dynamics.