Sole Proprietorships Have All of the Following Advantages EXCEPT _____

question 121

Multiple Choice

Sole proprietorships have all of the following advantages EXCEPT _____.

• A)unlimited life
• B)ease of formation
• C)profits subject only to a single tax
• D)ease of liquidation

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Definitions:

Early 20th-Century

Refers to the period from 1901 to 1950, marked by significant changes worldwide in technology, society, and politics, including two world wars.

Modernist Process

A trend in art and literature seeking new forms of expression, breaking traditional conventions and embracing innovation and abstraction.

The Portuguese

Refers to the people of Portugal; historically notable for their significant role in global exploration and maritime trade during the Age of Discovery.

Braque

Georges Braque, a French painter and sculptor who, along with Pablo Picasso, developed Cubism, an influential artistic movement in the early 20th century.