Which of the Following Is NOT Considered to Be a Disadvantage

question 6

Multiple Choice

Which of the following is NOT considered to be a disadvantage of the sole proprietorship form of business organization?

• A) limited ability to raise capital
• B) life is limited to that of the owner
• C) unlimited liability of business owners
• D) fewer regulations and reporting requirements

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Definitions:

Pareto Efficiency

An economic state where resources are allocated in a way that it is impossible to make one individual better off without making another individual worse off.

Simultaneous Equilibrium

A situation in which multiple markets or economic variables reach equilibrium at the same time, with interdependencies considered.

Technological Change

The improvement or innovation in technology that increases productivity and may lead to new products or ways of doing things.

Solar Panels

Photovoltaic (PV) devices or arrays that convert sunlight directly into electricity.