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.

Grasp the calculation and interpretation of cash flow ratios.

Appreciate the relevance of timing and amounts in cash flow analysis.

Understand the principles of effective communication in routine action requests and the significance of specificity and clarity.

Identify the structure and key components of direct reply letters.

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Definitions:

Organizational Rewards

Incentives provided by an organization to motivate and recognize its employees' performance.

Team Effectiveness

The degree to which a team achieves its objectives, meets the needs of its members, and sustains itself over time.

Context Factor

Any variable that can significantly impact the outcome or nature of a research study, project, or scenario, depending on its setting or environment.

External Environment

All external factors and forces outside an organization that affect its performance and strategies.