Which of the Following Is a Disadvantage of Sole Proprietor

question 59

Multiple Choice

Which of the following is a disadvantage of sole proprietor ownership?

• A) ease of dissolution
• B) no special taxation
• C) ease of formation
• D) difficulty in raising capital

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Definitions:

Authorize

To officially empower someone or grant permission for something to happen.

Appreciate

To recognize the full worth of something or to be grateful for something or someone.

Subsystem Controls

Mechanisms put in place to monitor and regulate the operations of individual components of a larger system to ensure efficiency and effectiveness.

Managerial

Pertaining to the activities, responsibilities, and skills involved in managing an organization.