Which of the Following Is an Advantage of Sole Proprietorship

question 45

Multiple Choice

Which of the following is an advantage of sole proprietorship?

• A) The owner's personal liability for all assets is the least.
• B) The proprietor does not have to worry about day-to-day management decisions.
• C) The proprietorship is subject to less government regulation at all levels.
• D) The lifetime of such an organization is unlimited.

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Definitions:

Ideology

A system of ideas, beliefs, and values that reflects and supports the interests of a particular group or society.

Sociological Perspective

A view of society based on the dynamic relationships between individuals and the larger social network in which we all live.

Social Inequality

Disparities in opportunities and rewards are present across different social standings or roles within a society or group.

Social Stratification

The arrangement of individuals and groups in a hierarchical system within society, often based on factors like wealth, power, and social status.