1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denpristay [2]
3 years ago
5

Which of the following is a disadvantage to choosing a sole proprietorship business structure?

Business
2 answers:
alisha [4.7K]3 years ago
5 0

Answer A is the correct one. The owner has personal responsibility for the company's liability.

There are many forms of business. Some important forms are Partnership, Corporation, Limited Liability Company, Sole Proprietorship etc.

Sole Proprietorship is a form of business in which the whole business is owned by a single person. He is the one liable for everything happening to the business. He is solely responsible for the liabilities and the profits as well. So this is usually a disadvantage of being a single owner, that you are the only one liable for all losses that may incur.

aliya0001 [1]3 years ago
4 0

Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.

A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.

You might be interested in
In the context of entrepreneurial behavior, the need for affiliation is the need to excel.
mr Goodwill [35]

Answer:

False

Explanation:

The need for affiliation refers to the need people have to feel that they are part of a social group. People that have a high need for affiliation requires close relationships and needs to be approved by the people that are close to them. Also, they want to feel that they are part of something that has an important impact. According to this, the statement that says that the need for affiliation is the need to excel is false.

8 0
3 years ago
Interest rates can be measured more accurately and quickly than reserve aggregates; hence an interest rate is preferred to the r
7nadin3 [17]

Answer:

False

Explanation:

This is false.

In reporting reserves aggregate there are lags interest rate such as the federal interest rate are quite easy to measure and easily observable. Such short term interest rate are nominal values and they do not measure the real cost of borrowing well. It does not show accurately what happens to Gross domestic product. Real interest rate equals nominal interest rate as a ratio of reduced inflation gives a representation of true cost of borrowing.

We cannot say with certainty that interests rate is a better policy instrument based on the ground of measurability.

7 0
3 years ago
Which is not a characteristic of Lean production: 1. There are frequent, small deliveries 2. Suppliers are treated as partners t
olchik [2.2K]

Answer:

The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.

Explanation:

Lean production or Lean Manufacturing is a method of work organization that focuses on the continuous improvement and optimization of the production system by eliminating waste and all activities that do not add any value to the process. Its main purpose is to minimize the losses that arise in any manufacturing process and implement only those resources that are relevant.

<em>Lean production aims to boost employees' efficiency not necessarily automating their duties.</em>

3 0
3 years ago
________ psychology is a discipline interested in how relationships among employees affect those employees and the performance o
JulijaS [17]
ORGANIZATIONAL psychology is a discipline interested in how relationships among employees affect those employees and the performance of a business. industrial human factors work organizational
4 0
3 years ago
An explicit written agreement is not required in order to form a legal partnership. true or false
ArbitrLikvidat [17]
This is false no law requires a agreement <span>to form a legal partnership</span>
5 0
3 years ago
Read 2 more answers
Other questions:
  • ​isabel orally agrees to buy a unique collection of nineteenth-century cowboy memorabilia for $10,000 from jessie and sends $2,5
    12·1 answer
  • Unions contribute to Select one: a. frictional unemployment but not the natural rate of unemployment. b. the natural rate of une
    10·1 answer
  • You owe $976.34 on a credit card that has an interest rate of 10.75% apr. you pay $100.00 at the end of each month. 3. calculate
    13·1 answer
  • Week 5 Rachel is a financial investor who actively buys and sells in the securities market. Now she has a portfolio of all blue
    13·1 answer
  • Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common
    11·1 answer
  • Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t
    14·1 answer
  • Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
    9·1 answer
  • A(n) _____ is done to test each individual component (often a program) to ensure that it is as defect-free as possible. a. user
    13·1 answer
  • Ten years ago, Cary Company issued $1,500,000 of 7 percent, 10-year bonds at a price of 95. On the maturity date of January 2, a
    7·1 answer
  • 1. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!