Describe Three Disadvantages of Operating a Business as a Sole

question 23

Essay

Describe three disadvantages of operating a business as a sole proprietorship.

---

Definitions:

Disciplinary Processes

Procedures followed by an organization to address and manage employee behavior that violates company policy or expectations.

First-line Managers

Managers at the lowest level of an organization who directly manage the work of non-managerial employees.

Problem Employee Behavior

Behaviors displayed by employees that can negatively affect performance and morale, such as absenteeism, tardiness, or insubordination.

Performance Problems

Issues or deficiencies related to an employee's job performance, often indicating a failure to meet established performance standards or expectations.