One disadvantage of the proprietorship is:
A)the least regulated form of business ownership.
B)limited personal liability.
C)excessive access to capital.
D)limited skills and abilities.

Question

Quizplus · Accepted Answer

The limited skills and abilities of the proprietor can hinder the success of the business, as they may not possess all the necessary knowledge and expertise in various areas such as finance, marketing, and operations. This can lead to poor decision-making and ultimately affect the profitability of the business.

One Disadvantage of the Proprietorship Is