Which of the Following Is a Major Advantage of a Sole

question 127

Multiple Choice

Which of the following is a major advantage of a sole proprietorship?

• A)Separation of ownership and control
• B)Limited liability for business debt
• C)Transferability of ownership and firm continuity over time
• D)Ease of start-up
• E)Ease of obtaining financing

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Definitions:

Corporate Culture

Corporate culture encompasses the beliefs, behaviors, values, and symbols that the members of an organization accept and share, significantly influencing its identity and actions.

Organizational Hierarchy

The arrangement of an organization's roles and responsibilities in a graded structure of authority and leadership.

Transactions

The act of conducting business, which could involve buying, selling, or exchanging goods and services.