A Major Disadvantage of a Proprietorship Is That the

question 61

Multiple Choice

A major disadvantage of a proprietorship is that the

• A) owner's entire wealth is at risk.
• B) profits are taxed twice.
• C) firm has perpetual life.
• D) owner has limited liability.

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Definitions:

Problem Solving

The process of identifying issues and developing strategies or solutions to address them effectively.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Compensation

Refers to all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship.

Social Support

The assistance and encouragement provided by others, which can be emotional, informational, or practical, contributing to an individual's well-being.