In a Sole Proprietorship,the Owner Has Complete Control Over the Business.This

question 94

Multiple Choice

In a sole proprietorship,the owner has complete control over the business.This allows the owner to:

• A)have limited liability in meeting the debts of the business.
• B)have access to multiple sources of funds.
• C)respond quickly to competitive business conditions or to changes in the economy.
• D)match the wages and benefits offered to employees by a large competing corporation.
• E)utilize all profits without paying any taxes.

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