Which of the Following Is a Disadvantage of Sole Proprietorships

question 52

Multiple Choice

Which of the following is a disadvantage of sole proprietorships?

• A)Sharing of profits with major stockholders
• B)Lack of continuity
• C)Lack of business control
• D)Stringent government regulations
• E)Absence of a tax-exempt retirement account

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Definitions:

Social Innovation

The development and implementation of new, effective solutions to social problems or needs that create social value and involve the collaboration of multiple stakeholders.

Nonprofit Sector

a segment of society that is organized to meet public or social goals, where the surplus revenues are reinvested in the organization rather than distributed to shareholders.

Value Proposition

A statement or concept that explains how a product or service solves a problem, meets a need, or provides benefit to customers, thereby offering a reason for them to choose it over alternatives.

Social Nirvana

An idealized state of social harmony and optimal collective well-being.