Torrie Is Thinking of Starting Up a Small Business Selling

question 34

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She is considering setting up her business as a sole proprietorship.What is one disadvantage to Torrie of setting up her business as a sole proprietorship?

• A)As a sole proprietor,Torrie would be taxed twice.
• B)As a sole proprietor,Torrie would not have control of the business.
• C)As a sole proprietor,Torrie would face unlimited liability.
• D)As a sole proprietor,Torrie would be subject to significant rules and regulations.

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Definitions:

Production Shift Data

Information regarding the output, workforce, and operations during a specific work shift in production.

Performance Targets

Levels or rates of improvement that management wants to achieve for performance metrics.

Employee Incentives

Rewards or benefits offered to employees to motivate them and improve their job performance.

Strategy Map

Arrows added to the balanced scorecard showing the expected cause-and-effect relationships among strategic objectives.