Which of the Following Is Not an Advantage of Starting

question 132

Multiple Choice

Which of the following is not an advantage of starting a new business as a sole proprietorship?

• A)separation of ownership and business liability
• B)limited control over the operation of the business
• C)the initial cost in setting up the business
• D)possibility of double taxation

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Definitions:

External Data

Information sourced from outside the organization, used for analysis, benchmarking, or decision-making processes.

Mass Customization

A production technique that allows for personalization or tailoring of products to individual customers' preferences while maintaining the efficiency of mass production.

80/20 Principle

Also known as the Pareto Principle, it suggests that 80% of effects come from 20% of causes, commonly applied in business and productivity analysis.

Psychographic Characteristics

Attributes of consumers that relate to their personalities, values, attitudes, interests, and lifestyles.