Which of the Following Is Considered an Advantage of a Sole

question 217

Multiple Choice

Which of the following is considered an advantage of a sole proprietorship?

• A) easy to raise large sums of capital
• B) limited liability for owner
• C) profit taxed only once
• D) permits effective specialization

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Definitions:

Public Relations

The professional discipline focused on maintaining and managing the public image of a person, organization, or company.

Low Demand

Pertains to situations where there is little desire or requirement for a product, service, or action, often leading to decreased value or priority.

Saying No

The act of refusing or declining a request or demand, often as a means of setting boundaries or prioritizing one's own needs and limitations.

Heparin

An anticoagulant medication used to prevent and treat blood clots by increasing the time it takes blood to clot.