A Disadvantage of the Sole Proprietorship Form Is Often

question 306

Multiple Choice

A disadvantage of the sole proprietorship form is often:

• A) business profits are taxed to the owner personally
• B) the limited alternatives for raising financial capital
• C) the owner has sole responsibility for control, liabilities, and management
• D) the record keeping formalities of the business are within the owner's discretion
• E) none of the other choices

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Definitions:

Intangible

Unable to be touched or grasped; not having physical presence.

Invisible

Unable to be seen; not visible to the eye.

Locus of Control

A psychological concept referring to an individual's belief about the extent to which their actions affect outcomes in their lives.

Locus of Control

A psychological concept referring to the extent to which individuals believe they have control over the events that affect their lives.