What Is the Chief Disadvantage of the Sole Proprietorship as a Form

question 83

Multiple Choice

What is the chief disadvantage of the sole proprietorship as a form of business organisation when compared to the corporate form?

• A)Sole proprietorships are subject to double taxation of profits
• B)The cost of formation
• C)Inadequate profit sharing
• D)Owners have unlimited liability

Outline the principles of social identity theory and their impact on personal identification with a group.

Describe the role and types of relationships (e.g., communal, exchange) in social interaction.

Understand the psychological and social effects of stereotypes, including stereotype threat.

Understand the individual qualities and psychological needs that influence the tendency to affiliate and join groups.

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Definitions:

Maslow's Theory

A psychological viewpoint that categorizes human needs into a hierarchy, from basic physiological needs to self-actualization, asserting that higher needs can only be pursued once foundational needs are met.

Physiological Needs

Physiological needs are the basic necessities of life required by the body for survival, including food, water, shelter, and sleep, as outlined in Maslow's hierarchy of needs.

Self-Transcendence

Describes the experience of going beyond one's own self-interests, limitations, and experiencing a greater sense of connection to others and the world.

Protein

Large, complex molecules essential to the structure, function, and regulation of the body's tissues and organs, made up of amino acids.