Asked by

claire cotros
on Nov 09, 2024

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Which disadvantage of sole proprietorships centers around the fact that capital is difficult to raise?

A) limited resources
B) limited skills
C) unlimited liability
D) lack of continuity

Sole Proprietorships

A business structure where a single individual owns and operates the business, bearing full responsibility for its debts and obligations.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

  • Recognize the challenges of raising capital in sole proprietorships.
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JT
Jacob TheodoreNov 11, 2024
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