Which of the Following Is NOT Considered to Be a Disadvantage

question 6

Multiple Choice

Which of the following is NOT considered to be a disadvantage of the sole proprietorship form of business organization?

• A) limited ability to raise capital
• B) life is limited to that of the owner
• C) unlimited liability of business owners
• D) fewer regulations and reporting requirements

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Definitions:

Control Mechanisms

The procedures, policies, and rules used to monitor activities and ensure that organizational goals are consistently met.

Employee Behaviors

Actions and conduct of employees within an organization, which can influence its culture, performance, and reputation.

Marketing Strategy

The overall game plan of a business for reaching prospective consumers and turning them into customers of their products or services, including market segmentation and positioning.

Approaches to Marketing Implementation

Various methods or strategies employed to put marketing plans into action and achieve the marketing objectives.