Jeremy Is Thinking of Starting Up a Small Business Selling

question 198

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a sole proprietorship.What is one disadvantage to Jeremy of setting up his business as a sole proprietorship?

• A)As a sole proprietor, Jeremy would be taxed twice.
• B)As a sole proprietor, Jeremy would not have control of the business.
• C)As a sole proprietor, Jeremy would face unlimited liability.
• D)As a sole proprietor, Jeremy would be subject to significant rules and regulations.

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Definitions:

Cardiorespiratory Monitor

A device used to track the heart rate and breathing rate of a patient, often used in hospitals to monitor patients critically.

Sinus Rhythm

The normal heartbeat rhythm generated by the sinoatrial node, characterized by a consistent rate and rhythm.

Ventricular Tachycardia

A fast heart rhythm that originates from the ventricles, potentially leading to serious heart conditions.

Atrial Fibrillation

A cardiac arrhythmia characterized by rapid, irregular beating of the atria, leading to decreased blood flow and risk of stroke.