While a Sole Proprietorship Gives the Owner Maximum Flexibility in Running

question 53

Multiple Choice

While a sole proprietorship gives the owner maximum flexibility in running the business,it also:

• A)makes the company a prime target for an acquisition or merger.
• B)creates a sense of isolation.
• C)makes it difficult to hire management talent to help grow the business.
• D)makes it difficult to sell.

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Definitions:

Uncertain

Lacking predictability, assurance, or clarity about outcomes or consequences.

Game Theory Matrix

A tabular representation used in game theory to display the payoffs or outcomes for different strategies chosen by players in a strategic game.

Outcome

The result or effect of an action, decision, or situation, often evaluated in terms of success, failure, or impact.

Without Collusion

Refers to actions or decisions made independently among competitors in a market, without secret cooperation or agreement to manipulate market conditions.