Describe Three Disadvantages of Operating a Business as a Sole

question 23

Essay

Describe three disadvantages of operating a business as a sole proprietorship.

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Definitions:

Retroactive Interference

A cognitive phenomenon where newly learned information interferes with the recall of previously learned information.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), most often associated with alcoholism.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically seconds to minutes.

Long-Term Memory

The phase of memory responsible for storing information over extended periods, ranging from days to decades, allowing for retrieval of experiences, knowledge, and skills.