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:

Workforce

The group of people who are engaged in or available for work, either in a country or in a specific sector.

Referral Interview

An informational conversation with someone referred by a contact who can provide insights into a job, company, or industry.

Field Of Work

The specific sector or industry where an individual is employed or has expertise.

Day-To-Day Work

Regular, routine tasks and responsibilities that are part of an individual's daily job or life activities.