Jeremy Is Thinking of Starting Up a Small Business Selling

question 198

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a sole proprietorship.What is one disadvantage to Jeremy of setting up his business as a sole proprietorship?

• A)As a sole proprietor, Jeremy would be taxed twice.
• B)As a sole proprietor, Jeremy would not have control of the business.
• C)As a sole proprietor, Jeremy would face unlimited liability.
• D)As a sole proprietor, Jeremy would be subject to significant rules and regulations.

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Definitions:

Loop Iteration

A loop iteration refers to the execution of a loop body a single time through the loop.

Pass

In programming, pass often refers to successfully executing or compiling a piece of code without errors, or moving arguments to functions during execution.

Loop

A programming construct that repeats a block of code multiple times based on a specified condition.