Two Key Limitations of the Proprietorship Form of Business Involve

question 19

True/False

Two key limitations of the proprietorship form of business involve potential difficulty in raising the necessary capital and the presence of unlimited personal liability for business debts. 

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Definitions:

Single Bit

The smallest unit of data in computing, representing a binary value of either 0 or 1.

Bitmap Graphic

A type of digital image composed of pixels arranged in a grid, each pixel being assigned a specific color, used in digital photography and web graphics.

Compression

Compression is the process of reducing the amount of data required to represent information, through algorithms, to decrease file size or the bandwidth needed for transmission.

Simulation

The process of creating a computer model of a real-world or hypothetical situation to study its behavior under various conditions.