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.

Recognize the importance and methods of setting performance standards.

Understand the role and construction of performance reports.

Grasp the significance of timely and appropriate responses to variances and problems in management.

Comprehend the principles of Management by Objectives (MBO) and its process.

---

Definitions:

Percents

A mathematical expression, indicating a part of a whole as so many hundredths.

Decimals

Numerical digits that represent fractions of ten, used to express numbers less than one or to provide precision in numerical representations.

Mixed/Whole Numbers

Numbers consisting of an integer and a fractional part, typically represented as a whole number and a proper fraction.

Percents

A mathematical representation of a fraction of 100, used to describe proportions or rates.