One of the Major Disadvantages of a Sole Proprietorship Is

question 88

Multiple Choice

One of the major disadvantages of a sole proprietorship is the

• A) possibility of disagreements between owners.
• B) unlimited liability the owner has for the debts of the firm.
• C) fact that any income earned by this type of business is taxed twice.
• D) high cost of starting or ending the company.

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Definitions:

Stereotypes

Oversimplified generalizations about groups of people that may or may not reflect their actual characteristics or behaviors.

Social Interactions

The process by which individuals act and react in relation to others, forming the basis of social relationships.

Self-stereotype

The beliefs that individuals hold about the characteristics of their own group, which can influence behavior and self-perception.

Stigmatized

Marked by a disgrace or reproach as being socially unacceptable or undesirable.