All of the Following Are Advantages of the Proprietorship Form

question 194

Multiple Choice

All of the following are advantages of the proprietorship form of business except

• A)there are fewer legal complications than any other form of business.
• B)you are your own boss.
• C)a proprietor's income is only taxed once.
• D)the proprietor can raise funds by issuing stock.

Distinguish between cultures with emphasis on individualism versus collectivism.

Recognize the characteristics and work values of low uncertainty avoidance cultures.

Identify the attributes of short-term and long-term orientation in societies.

Comprehend the role and acceptance of job satisfaction and power inequalities in various cultures.

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Definitions:

Intangible

Refers to something that cannot be physically touched or measured, such as services, intellectual property, or goodwill.

Method of Delivery

Refers to the way in which goods or services are provided to the customer, including physical delivery, digital delivery, or in-person service.

Idle Capacity

Unused productive ability within a business, often resulting in inefficiency because resources are not being utilized to generate revenues.

Classification

A method of arranging entities in an organized system of categories.