Two key limitations of the proprietorship form of business involve potential difficulty in raising the necessary capital and the presence of unlimited personal liability for business debts.?
Answer the following statement true (T) or false (F)
True
It is difficult for a proprietorship to obtain large sums of capital because the firm's financial strength is generally based only on the financial strength of the sole owner. The proprietor has unlimited personal liability for business debts because any debts of the business are considered obligations of the sole owner. See 1-2: Alternative Forms of Business Organization
You might also like to view...
Executives at an automobile manufacturing company conducted a brainstorming session for selected employees. This session resulted in a large number of ideas for developing new cars after extensive R&D
The executives then planned to filter out the best ideas during the ________ stage. A) business analysis B) idea generation C) concept testing D) idea screening E) concept development
Del Monte Foods, a large corporation that manages many family food and pet food brands, sells the Contina brand of canned tomato products to supermarkets across the country. Contina is an example of a(n) ________
A) organizational brand B) support brand C) private label brand D) reseller brand E) manufacturer brand
Using words that infer the communicator is on a superior level as compared to the receiver's inferior level is known as
a. condescending. b. using euphemisms. c. stating dysphemisms. d. being connotative.
Because jobs are scarce and you must apply to many employers, you should prepare a generic résumé to send to every position you want
Indicate whether the statement is true or false