A Major Disadvantage of the Sole Proprietorship Is: ______

question 13

Multiple Choice

A major disadvantage of the sole proprietorship is: ______.

• A) no organizational fees.
• B) the sole proprietor obtains all of the profits.
• C) the sole proprietor is personally liable for the debts of the sole proprietorship.
• D) the sole proprietor is free to make all business decisions concerning operation of the sole proprietorship.

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Definitions:

Strategic Leadership

A management style focused on developing and executing long-term objectives to achieve complex organizational goals.

Organizations

Entities composed of individuals working together towards common goals or objectives.

Shared Leadership

A leadership model where control and decision-making responsibilities are distributed among members of a team or organization.

Emergent

The process of arising or appearing unexpectedly, often describing processes or patterns that develop without a central, organizing principle.