Which Is an Advantage of a Sole Proprietorship

question 18

Multiple Choice

Which is an advantage of a sole proprietorship?

• A)It can offer multiple classes of stock.
• B)It is very easy to form.
• C)It can attract a wide variety of shareholders.
• D)It offers its owner limited liability.

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Definitions:

Education

A systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits, through teaching, training, research, or self-study.

Forecasting

The practice of making predictions about future events based on historical and current data.

Cycle-sensitive Decisions

Decision-making that takes into account the cyclical nature of business, markets, or economic conditions, adjusting strategies accordingly.

Consensus Approach

A collaborative decision-making process where all group members agree on a specific outcome or decision.