Which of the Following Is an Advantage Associated with a Sole

question 101

Multiple Choice

Which of the following is an advantage associated with a sole proprietorship?

• A) Retention of control
• B) Unlimited liability
• C) Permanence
• D) Ease of transfer of ownership

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Definitions:

Wheat

A cereal grain, originally from the Levant region of the Near East but now cultivated worldwide, which is a staple food in many parts of the world.

Milk

A nutrient-rich liquid food produced in the mammary glands of mammals, commonly consumed by humans as a beverage or used in the production of various dairy products.

Pareto Optimal

A situation or allocation of resources from which it is impossible to reallocate to make any one individual better off without making at least one individual worse off.

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility, reflected in the slope of an indifference curve.