One of the Major Disadvantages of a Sole Proprietorship Is

question 25

Multiple Choice

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

• A)unlimited liability the owner has for the debts of the firm.
• B)possibility of disagreements between owners.
• 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:

Coagulates

The process by which a fluid, especially blood, changes to a solid or semi-solid state, often to stop bleeding.

Vessel Wall

The structural boundary of blood vessels consisting of layers including the endothelium, smooth muscle, and connective tissue.

Thrombus

A blood clot that forms on the inside of an injured blood vessel wall.

Bacteria

Microscopic, single-celled organisms that exist in vast numbers in every environment on Earth, both harmful and beneficial.