Two Key Limitations of the Proprietorship Form of Business Involve

question 13

True/False

Two key limitations of the proprietorship form of business involve potential difficulty in raising needed capital and the presence of unlimited personal liability for business debts.

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Definitions:

Withhold Labor

The act of refusing to work, typically as a form of protest or to secure better working conditions or wages.

8-Hour Day

A labor movement regulation that divides the workday into three parts, advocating eight hours for work, eight hours for recreation, and eight hours for rest.

Health Insurance

A form of insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over numerous individuals.

Union Movement

The collective organization of workers formed to promote their rights, improve working conditions, and negotiate wages and benefits with employers.