All of the Following Are Advantages of Sole Proprietorship EXCEPT

question 65

Multiple Choice

All of the following are advantages of sole proprietorship EXCEPT ________.

• A)single ownership
• B)no special forms
• C)ease of formation
• D)limited liability

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Definitions:

Pay for Knowledge

A compensation system where employees are paid based on the range and depth of their skills and knowledge, rather than strictly on their job position or seniority.

Performance Pay

Compensation model where employees are rewarded based on their job performance, including quality and efficiency, often used as an incentive to enhance productivity.

Compensation Mechanism

A system or method used to determine and distribute salary, benefits, and other forms of pay to employees in exchange for their work.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.