One of the Major Disadvantages of a Sole Proprietorship Is

question 121

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) high organizational costs.
• D) high operating costs.

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Definitions:

Function Normally

The ability of an organism, system, or mechanism to operate or perform within its expected parameters, without impairment or dysfunction.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual published by the American Psychiatric Association detailing criteria for diagnosing mental disorders.

Axis I

A classification used in the DSM-IV (Diagnostic and Statistical Manual of Mental Disorders, 4th Edition) referring to clinical disorders, including mood, anxiety, and dissociative disorders.

Clinical Disorders

Health conditions characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.