Which of the Following Is a Disadvantage of Sole Proprietorships

question 71

Multiple Choice

Which of the following is a disadvantage of sole proprietorships?

• A)lack of permanence
• B)unlimited liability
• C)single taxation of earnings
• D)easy to start up and shut down

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Definitions:

Procedural Memories

Procedural memories are a type of long-term memory for performing certain actions and skills, essentially how to do things, such as riding a bicycle or playing an instrument.

Long-Term Memories

Memories that can be stored for an extended period, from days to decades.

Hippocampus

A major component of the brains of humans and other vertebrates, playing critical roles in the consolidation of information from short-term memory to long-term memory and in spatial memory that enables navigation.

Procedural Memories

A type of long-term memory that involves how to perform different actions and skills essentially, how we remember to do things.