Which of the Following Is the Most Attractive Feature of a Proprietorship

question 21

Multiple Choice

Which of the following is the most attractive feature of a proprietorship?

• A)The only tax return required is the owner's personal tax return.
• B)The owner can pledge his/her personal assets against bank loans.
• C)Proprietorships are not separate legal entities.
• D)Proprietorships are easy and inexpensive to set up.

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Definitions:

Yeoman Farmers

Independent farmers who owned their own land, typically working it with family labor.

Southwestern Boom States

Refers to U.S. states such as Arizona, Texas, and New Mexico, characterized by rapid population growth and economic expansion, particularly in the late 20th and early 21st centuries.

Institution Of Slavery

A legally or socially sanctioned system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.