A Disadvantage of a Sole Proprietorship Is That

question 33

Multiple Choice

A disadvantage of a sole proprietorship is that:

• A) there is flexibility in decision making.
• B) profits are taxed twic.
• C) profits are taxed at a personal income level.
• D) financing is limited to the owner's ability to borrow.

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Definitions:

Proteomics

Study of the complete collection of proteins that a cell or organism expresses.

Genomics

Area of study that examines the genome of a species or group of species.

Amino Acids

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxyl group.

Transgenic Forms

Organisms that have been genetically modified to contain genes from other species.