A Significant Disadvantage of Owning a Sole Proprietorship Is the

question 288

Multiple Choice

A significant disadvantage of owning a sole proprietorship is the

• A) possibility of limited liability.
• B) heavy tax liability that must be assumed.
• C) overwhelming time commitment often required of the owner.
• D) lack of incentives to motivate the owner.

---

Definitions:

Friedman Test

A statistical test that does not rely on parameter distributions to identify variations in treatments across several trials.

Population Locations

The geographical distribution of individuals or entities within a defined area or group being studied.

Learned Helplessness

A condition in which individuals believe they have no control over their situation and therefore stop trying to change or escape from their circumstances, often leading to decreased motivation and depression.

Learned Optimism

The practice of recognizing and challenging negative thoughts in order to develop a more positive outlook on life and increase resilience.