Which of the following is a disadvantage of being a small-business owner?Multiple ChoiceThey tend to be victims of physical and psychological stress.They lack freedom and flexibility.They cannot focus on narrow niches.They lack the opportunity to innovate or create jobs for others.

Which of the following is not one of the disadvantages of small-business ownership?Multiple Choicesmall-business owners tend to be victims of physical and psychological stress.small businesses have a high failure rate.small firms can focus their efforts on a precisely defined market niche.having to multitask can result in long hours for most small-business owners

Multiple Choice QuestionA small business owner must deal with ongoing worries about competition, employee problems, rent increases or changing market demand. All of these are aspects of which disadvantage of small business ownership?Multiple choice question.Inability to cope with growthHigh stress levelsManagerial incompetenceUndercapitalization

Which of the following is a disadvantage of sole proprietorship?Group of answer choicesThe owner has few tax breaks.The owner retains few profitsThe business is difficult to start.The owner absorbs all losses.

What are some benefits of owning a small business?

Which of the following statements is incorrect?Group of answer choicesA disadvantage of starting a sole trader business, is access to limited capital.An advantage of starting up a company is that the company could have stronger borrowing power.A disadvantage of starting up a company is that shareholders face limited liability.An advantage of starting up a partnership, is access to higher capital compared to the capital that would be used to set up a sole trader business.An advantage of a sole trader business is that the owner can keep all profits.