One of the Advantages of Being a Sole Proprietor Is

question 27

True/False

One of the advantages of being a sole proprietor is the ease by which the business can be sold or transferred to others.

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Definitions:

North America

A continent located in the northern hemisphere, bounded by the Arctic Ocean to the north, the Atlantic Ocean to the east, and the Pacific Ocean to the west and south.

Competence

The ability and skillset required to effectively perform a specific task or role.

Relatedness Needs

Psychological needs involving meaningful social connections and relationships with others, emphasizing the importance of social interaction for well-being.

Autonomous Motivation

Refers to the intrinsic drive to undertake an activity out of genuine interest or personal value, rather than external pressure or reward.