The Main Disadvantage to Organizing a Business as a Proprietorship

question 368

Multiple Choice

The main disadvantage to organizing a business as a proprietorship is

• A) its complex management structure.
• B) limited liability.
• C) unlimited liability.
• D) that economic profit cannot be maximized.

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Definitions:

Descriptive Method

A research method aimed at observing and describing the characteristics of a subject without influencing it.

Case Study

An in-depth investigation of a single individual or group to explore dynamics, behaviors, or conditions.

Correlational Research

A method of research that examines the relationships between variables, whereby a researcher observes or measures two or more variables to find associations between them.

Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to observe its effects.