Which of the Following Is NOT an Advantage of a Proprietorship

question 52

Multiple Choice

Which of the following is NOT an advantage of a proprietorship?

• A) They are easy to form and dissolve.
• B) Decision-making resides with one person-the owner.
• C) Liability of the owner is unlimited.
• D) Profits are only taxed once.

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Definitions:

Production Employees

Workers directly involved in the manufacturing or creation of products within an organization.

Important Conditions

Refers to the essential or significant aspects that affect or determine outcomes in a specific context.

Work Site Design

The planning and layout of a physical workplace to optimize worker efficiency, safety, and comfort.

Secretarial Pool

A group or cluster of administrative personnel available to work for various executives or departments as needed, often shared among multiple managers.