A Disadvantage of a Sole Proprietorship Is That

question 27

Multiple Choice

A disadvantage of a sole proprietorship is that:

• A) there is flexibility in decision making.
• B) partners may not agree on decision making.
• C) profits are taxed at a personal income level.
• D) it is not a separate legal entity.

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Definitions:

IUPAC Name

A name given to a chemical entity following the guidelines set by the International Union of Pure and Applied Chemistry.

Diol

An organic compound containing two hydroxyl groups (-OH) attached to different carbon atoms.

Antifreeze

A substance added to liquids, such as the water in a vehicle's radiator, to lower the freezing point and prevent it from freezing.

IUPAC Name

The systematic name assigned to a chemical substance, following rules established by the International Union of Pure and Applied Chemistry (IUPAC).