Which of the Following Is a Weakness of a Sole

question 12

Multiple Choice

Which of the following is a weakness of a sole proprietorship?

• A) Unlimited life
• B) Easy to form
• C) Limited liability
• D) Limited access to capital

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Definitions:

Rationalization

The process of replacing traditional and emotional thought with reason and practicality, often in the context of organizational and technological changes.

Unintended Consequences

Outcomes that are not the ones foreseen and intended by a purposeful action.

Max Weber

A German sociologist, economist, and political scientist known for his work on the development of modern Western society and the concept of the "Protestant Ethic."

Consumerism

The tendency to define ourselves in terms of the goods we purchase.