Which of the Following Is a Disadvantage of a Sole

question 3

Multiple Choice

Which of the following is a disadvantage of a sole proprietorship?

• A)The owner is personally liable for the debts of the firm.
• B)The firm is subject to double taxation.
• C)The profits of the firm have to be shared between its members.
• D)The costs of formation of the firm are more compared to other business forms.

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Definitions:

Automobiles

Motor vehicles with four wheels, primarily designed for passenger transportation on roads.

Chlorofluorocarbons

Chemical compounds used in aerosols and refrigeration that deplete the ozone layer.

Toxic Sources

Influences or materials that are harmful or poisonous, potentially causing damage to health or well-being.

Native American, Hispanic, and African American

These terms refer to specific ethnic and racial groups in the United States, each with unique cultural, historical, and social experiences.