One of the Major Disadvantages of a Sole Proprietorship Is

question 41

Multiple Choice

One of the major disadvantages of a sole proprietorship is

• A)that there is unlimited liability to the owner.
• B)the simplicity of decision making.
• C)low organizational costs.
• D)low operating costs.

---

Definitions:

Environmental External Failure Costs

Expenses associated with environmental damage caused by a company's products or processes, paid outside the company, such as fines or cleanup costs.

Calculate

To determine the amount or number of something using mathematical processes.

Contingent Cost

Costs that may occur depending on the outcome of a future event or condition.

Recycling of Packaging

The process of reprocessing used packaging materials into new packaging products, contributing to sustainability and waste reduction.