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.

---

Definitions:

Serial Killer

A serial killer is an individual who commits a series of murders, often with no apparent motive and typically following a characteristic, predictable behavior pattern.

Agent Self

Refers to an aspect of the self-concept that involves the capacity for self-organization, self-regulation, and self-directed behavior.

Interpersonal Self

The aspect of an individual's self-concept that involves characteristics related to social interactions and relationships with others.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.