one disadvantage of a sole proprietorship is?
...one disadvantage of a sole proprietorship is?
quick decision making
unlimited liability
pride of ownership
unlimited source of capital
Correct answer is B
The main disadvantages to being a sole proprietorship are: Unlimited liability: Your small business, in the form of a sole proprietorship, is personally liable for all debts and actions of the company. This means that, in the event of winding up, the personal properties of the sole proprietor would be used the settle the debts of the business.
When 'FOB' is written on a document, it implies that the buyer bears the? ...
Which of the following facilitates settlement for sub-regional indebtedness? ...
The most common form of business unit in West Africa is ...
Which of the following is the best method for computing working capital ...
The entitlement of a debenture holder from a company's income is known as ...