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.

---

Definitions:

Spring Beverage Company

Assuming it is a named entity, this would refer to a specific company involved in the production or distribution of beverages associated with the spring season or having 'Spring' in its name.

Enforceable

Capable of being imposed or upheld by law, referring to contracts, agreements, or rules that can be legally compelled.

Essential Terms

The necessary and fundamental conditions included in a contract that are critical to its enforcement and validity.

Unenforceable

Refers to a contract or clause that, due to legal deficiencies, cannot be executed by a court.