A Disadvantage of Both Proprietorships and Partnerships Is That

question 22

Multiple Choice

A disadvantage of both proprietorships and partnerships is that

• A) in each, profit is taxed twice, as the income of the firm and the income of the owners.
• B) the owners cannot hire managers to help run the firms.
• C) the firms cannot pay dividends.
• D) the owners have unlimited liability for the debts of the firms.

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Definitions:

Marasmus

A severe form of malnutrition characterized by energy deficiency, often seen in young children, leading to significant weight loss and muscle wasting.

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A field of study that explores the connections between the psychological processes, nervous system, and immune functions.

Psychological Factors

Elements of an individual's mental state that can affect their emotional well-being, behavior, and perception.

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