Which of the Following Is TRUE of a Business with Sole

question 29

Multiple Choice

Which of the following is TRUE of a business with sole proprietorship?

• A)It involves several owners.
• B)It is difficult to form and dissolve.
• C)Its owner has maximum management flexibility.
• D)Its owner is exempt from corporate franchise taxes.

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Definitions:

Employee Connections

The relationships or networks developed between employees within an organization, which can impact morale, communication, and teamwork.

Management Skill

The ability to make business decisions and lead subordinates within a company.

Overall Environment

The total surroundings and conditions in which an individual, organization, or system operates, encompassing both external and internal factors.

Key Advantages

Fundamental benefits or positive aspects that distinguish a concept, method, or entity from others, providing it with competitive advantages.