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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A method used to break down and examine the structure and form of complex systems, problems, or concepts.

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Strategies or practices aimed at increasing one's ability to generate novel and useful ideas.

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The process of investigating, understanding, and defining a problem before attempting to solve it, often involving gathering information and identifying underlying causes.