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List the Advantages and Disadvantages of a Sole Proprietorship Over

question 17

Essay

List the advantages and disadvantages of a sole proprietorship over other forms of business organization.


Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws.

Financial Misconduct

Unethical or illegal handling of financial affairs, typically involving fraud, embezzlement, or misappropriation of funds.

Corporate Executives

Senior management officials within a corporation responsible for making major decisions and overseeing the company's operations.

Kohlberg

A theorist known for his work on moral development, particularly the stages of moral reasoning.

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