Describe Three Disadvantages of Operating a Business as a Sole

question 23

Essay

Describe three disadvantages of operating a business as a sole proprietorship.

Identify key groups and individuals who played a role in opposing British taxation and legislation.

Recognize the methods of resistance used by colonists against British policies.

Comprehend the broader context of the “Age of Revolution” and its impact on the American colonies.

Recognize the political origins and motivations behind the American Revolution.

---

Definitions:

Perceptual Distortions

Misinterpretations or misconceptions of a real situation due to misapplication of sensory impressions.

Stereotypes

Oversimplified generalizations about a group of people without considering individual differences, often leading to prejudiced attitudes or behaviors.

Halo Effects

A cognitive bias where an observer's overall impression of a person, brand, or product influences their feelings and thoughts about that entity's character or properties.

Selective Perception

The psychological process by which individuals selectively choose to focus attention on certain stimuli while ignoring others.