All of the Following Are Advantages of a Sole Proprietorship

question 70

Multiple Choice

All of the following are advantages of a sole proprietorship except ________.

• A) creating one is easy and inexpensive
• B) unlimited liability
• C) it is not subject to double taxation
• D) the owner maintains complete control of the business
• E) business losses can be deducted against the sole proprietor's other sources of income

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Definitions:

Cohort

A group of people banded together or treated as a group, often used in studies to examine variables within a specified population section.

Cross-sectional

A type of observational study that analyzes data from a population, or a representative subset, at a specific point in time.

Early Adolescence

A developmental stage referring to the period between childhood and adolescence, typically ages 10 to 14.

School Age

A stage in human development that typically refers to the period when children attend primary and secondary school, generally between the ages of 5 and 18.