All of the Following Are Advantages of Organizing a Business

question 422

Multiple Choice

All of the following are advantages of organizing a business as a sole proprietorship EXCEPT

• A) ease of formation.
• B) limited liability.
• C) ease of decision-making.
• D) single taxation.

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Definitions:

Autonomous

Operating independently or having the freedom to govern itself or control its own affairs.

Sociocultural Component

An aspect of identity or human behavior that is influenced by societal and cultural factors.

Help-Seeking Behaviour

Actions taken by individuals to seek assistance, information, or advice to solve personal problems or deal with emotional distress.

Kibbutz Dwellers

Refers to members or residents of a kibbutz, which is a communal settlement in Israel, typically agricultural and collectively run.