Question

question 17
2 points
all of the following are examples of disadvantages associated with the ownership of a small business except:
a limited management skill
b fund - raising difficulty
c being your own boss
d extreme personal commitment
e burdensome government regulations
last saved 12:51:42 am

Explanation:

• Limited management skill: Small - business owners often lack the diverse management skills (like marketing, finance, and operations) that larger firms have in - house teams for. This can lead to inefficiencies and missed opportunities.
• Fund - raising difficulty: Small businesses may have a hard time accessing capital. They may not have the assets for collateral, and their limited track record can make lenders and investors hesitant.
• Being your own boss: This is actually an advantage. It gives the owner autonomy, the ability to make decisions without layers of bureaucracy, and the potential for greater personal fulfillment from seeing their vision come to life.
• Extreme personal commitment: Small - business owners typically invest a large amount of their personal time, money, and energy. This can lead to burnout and affect their personal lives.
• Burdensome government regulations: Complying with regulations (such as tax laws, employment laws, and industry - specific regulations) can be time - consuming and costly for small businesses, especially those without dedicated legal or compliance teams.

Answer:

C. being your own boss