Two Disadvantages of a Proprietorship Are (1)the Relative Difficulty of Raising

question 25

True/False

Two disadvantages of a proprietorship are (1)the relative difficulty of raising new capital and (2)the owner's unlimited personal liability for the business' debts.

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Definitions:

Innovative Unit

A team or department within an organization specifically tasked with developing new ideas or products.

Organic Structure

identifies a flexible, adaptive organizational design characterized by decentralized decision-making, broad job descriptions, and a network-based communication pattern.

Modular Organization

A flexible organizational structure where functions are divided into modules that can be easily reconfigured or replaced.

Strategic Control

A management process used to monitor the execution of an organization's strategy and make adjustments as necessary.