Asked by
claire cotros
on Nov 09, 2024Verified
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.
Verified Answer
JT
Learning Objectives
- Recognize the challenges of raising capital in sole proprietorships.
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