One of the Most Attractive Features of Sole Proprietorships Is

question 11

True/False

One of the most attractive features of sole proprietorships is how fast and simple it is to begin operations.

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Definitions:

Exported Good

A product manufactured in one country but shipped and sold abroad, contributing to a country's foreign trade balance.

Government Tax Revenue

Funds collected by the government from taxes imposed on individuals and businesses, used to fund public services and infrastructure.

Domestic Price

The price at which goods and services are sold within a country’s borders, influenced by local demand and supply conditions.

Tariff

A tariff is a tax imposed by a government on imported or exported goods, often used to protect domestic industries or generate revenue.