Which of the following is a disadvantage that proprietorships face and corporations do not?
a. company size too big to manage effectively
b. access to familiar and even family labor
c. owners' control over day-to-day operations
d. double taxation
e. unlimited liability
E
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In which year did the United States account for half the world's manufacturing output?
A. 1925 B. 1945 C. 1965 D. 1985
Which of the following pairs is the best example of substitutes?
a. Coffee and cream. b. Honey and biscuits. c. Tortillas and salsa. d. Hiking boots and athletic shoes.
A _____ between a parent company and the operator of a local outlet specifies each party's duties and the structure of payments that link them, and can turn the combined organization into a stronger competitor
a. volumetric interdependence b. franchise contract c. joint venture d. buy-sell transaction
What is the poverty trap?
a. When a person stays in poverty for their entire life b. When there is generational poverty, so children do see a working role model c. When a person loses government assistance equal to their gain in income from working d. When a person cannot find a job in their neighborhood