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:

Business Strategy

A plan of action designed to achieve a company's long-term goals and compete effectively in the market.

Environmental Strategy

A plan of action adopted by an organization to interact with its environment in a sustainable and beneficial manner, often with the goal of reducing negative environmental impact.

Functional Strategy

A specific approach taken by a department or unit within an organization to achieve its goals and contribute to the overall business strategy.

Operating Strategy

A plan that outlines how a business will use its resources to achieve its objectives and maintain competitive advantage.