Which of the Following Is an Advantage of a Sole

question 87

Multiple Choice

Which of the following is an advantage of a sole proprietorship over other business forms?

• A)tax-exempt treatment of fringe benefits
• B)the deduction for compensation paid to the owner
• C)low tax rates on dividends
• D)ease of formation

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Definitions:

Strategic Change

A process of altering an organization's strategy to adapt to changes in the internal or external environment.

Radically Different

Referring to something that is very much unlike anything else, representing a complete departure from tradition or previous methods.

Controlled Period

A fixed timeframe during which specific rules, conditions, or measures are applied to regulate activities or processes.

Internal Change Agents

Employees or individuals within an organization who facilitate and manage change efforts, promoting and enabling change from within the organization.