Which Is an Advantage of a Sole Proprietorship Form of Business

question 159

Multiple Choice

Which is an advantage of a sole proprietorship form of business?

• A) There is limited personal risk.
• B) The business can continue indefinitely.
• C) The owner makes all the decisions.
• D) All of these answers are correct.

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Definitions:

Marginal Revenue

The supplementary financial gain obtained through the sale of one more unit of a good or service.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes.

Marginal Revenue

The profit increment a business achieves through the sale of one extra unit of its offerings.

Macaws

Large, brightly colored parrots with long tails and powerful beaks, native to Central and South America.