A Drawback of a Sole Proprietorship Is

question 56

Multiple Choice

A drawback of a sole proprietorship is:

• A) the unlimited liability of the partners.
• B) conflicts with partners.
• C) its continued existence regardless of whether the owner lives or dies.
• D) difficulty in obtaining financing.
• E) the complexity and cost to keep the records required by law.

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Definitions:

Emotional Development

The process through which individuals become aware of, express, and manage their emotions.

Economic Success

Achieving financial stability and prosperity through various means such as employment, investment, or entrepreneurship.

Intellectual Achievement

The accomplishment of cognitive goals, such as solving problems, acquiring knowledge, and understanding complex concepts, often measured through testing or academic performance.

Health and Safety

Practices, guidelines, and policies designed to prevent accidents and protect individuals from harm and health hazards, particularly in the workplace.