Which Among the Following Is a Disadvantage of Sole Proprietorships

question 29

Multiple Choice

Which among the following is a disadvantage of sole proprietorships?

• A) Its owner gets no specific tax advantages.
• B) Its owner has to share control with others.
• C) Its owner has to share profits.
• D) Its owner has unlimited liability for the firm's debt.

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Definitions:

Chi-square Test

A statistical test used to determine if there's a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Economic Concerns

Issues or problems relating to the economy, including unemployment, inflation, and economic policy.

Proportion

A fraction or percentage that represents a part of a whole or a total.

Test

An examination or evaluation conducted to determine the presence, quality, or truth of a specific characteristic, hypothesis, or condition.