One Major Challenge of Owning a Sole Proprietorship Is

question 29

Multiple Choice

One major challenge of owning a sole proprietorship is

• A)raising funds on one person's collateral.
• B)finding shareholders.
• C)the division of net income.
• D)double taxation.

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Definitions:

Overload Protection

A safety feature designed to protect electrical circuits from damage caused by excessive current flow, typically via circuit breakers or fuses.

Overload Unit

A device or component in electric motors designed to protect them from running over their designed load for too long, preventing overheating or damage.

Normally Closed

Refers to a switch or relay that is in a closed (conducting) state when at rest, opening only when activated.

Overload Contacts

Electrical contacts designed to open or close in response to an overload condition, providing protection to circuits and devices.