Which of the Following Is an Advantage of a Sole

question 3

Multiple Choice

Which of the following is an advantage of a sole proprietorship?

• A)longer survival
• B)no special taxes
• C)unlimited liability
• D)limited liability

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Definitions:

Individualism

An ideology that prioritizes individual rights and liberties above the control or influence of societal or governmental bodies.

Self-Sufficiency

The capability to fulfill all of one's needs without external assistance, often in terms of producing food, goods, and services independently.

Transcendentalists

A group of 19th-century American writers and philosophers who believed in the inherent goodness of both people and nature, emphasizing individual conscience and intuition.

Methodist

refers to a member of the Methodist Church, a Christian denomination known for its emphasis on practical Christianity and the methodical approach to religious life, established in the 18th century.