Which of the Following Statements Is Not True Regarding the Advantages

question 50

Multiple Choice

Which of the following statements is not true regarding the advantages and disadvantages of a sole proprietorship?

• A) A sole proprietorship can be created without formal agreements or state filings.
• B) The proprietor reports income from the business on a personal tax return.
• C) The proprietor alone bears liability for the losses.
• D) It is usually easy for sole proprietorships to raise capital.

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Definitions:

360-Degree Feedback

A feedback process where employees receive confidential, anonymous feedback from the people who work around them.

Implementation Intentions

A self-regulatory strategy in the form of if-then plans to link situational cues to goal-directed behaviors, enhancing the likelihood of goal achievement.

Social Leadership

The ability to guide, influence, or direct a group towards the achievement of social goals or the improvement of social conditions.

Task Leadership

A style of leadership focused primarily on accomplishing goals, organizing work, and defining the responsibilities of each team member.