Which of the Following Is an Advantage of Sole Proprietorship

question 45

Multiple Choice

Which of the following is an advantage of sole proprietorship?

• A) The owner's personal liability for all assets is the least.
• B) The proprietor does not have to worry about day-to-day management decisions.
• C) The proprietorship is subject to less government regulation at all levels.
• D) The lifetime of such an organization is unlimited.

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Definitions:

Control

In experiments, the use of standardized procedures to limit the effects of other variables, ensuring that the study measures what it aims to.

Previous Experience

Refers to past events or knowledge that an individual has acquired, which can influence their current behavior and understanding.

Inoculation

A preventive strategy, often in the form of a vaccine, to protect against infectious diseases.

Dental Work

Medical procedures and treatments involving the teeth and gums, including fillings, extractions, cleanings, and orthodontics.