Two Disadvantages of a Proprietorship Are (1) the Relative Difficulty

question 13

True/False

Two disadvantages of a proprietorship are (1) the relative difficulty of raising new capital and (2) the owner's unlimited personal liability for the business' debts.

Recognize the stages of cognitive development outlined by Piaget and the characteristics of each stage.

Identify the mechanisms of cognitive change (equilibration, disequilibrium) in Piaget's theory.

Describe the development and importance of schemes in cognitive development.

Explain the process of cognitive adaptation and its significance in cognitive development.

---

Definitions:

Market Value

The amount of money a buyer is willing to pay and a seller is willing to accept for an asset or item under current market conditions.

Takeover Bids

Takeover bids are proposals or offers made by a company or individual to purchase a significant portion, or all, of another company's shares to gain control of it.

Voting Shares

Shares of a company that grant the shareholder the right to vote on company matters, typically at shareholders' meetings.

Reporting Issuer

A company or entity that is obligated to submit regular financial and operational reports to a regulatory agency.