Which of the Following Is an Advantage of a Sole

question 15

Multiple Choice

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

• A) The sole proprietorship continues upon the death of the owner.
• B) The sole proprietor is entitled to all of the profits of the firm.
• C) The sole proprietor is personally liable for all debts and obligations of the firm.
• D) The sole proprietor is dependent on loans made by lending institutions and others for capital expansion.