Which of the Following Is an Advantage of Starting a New

question 20

Multiple Choice

Which of the following is an advantage of starting a new business as a sole proprietorship?

• A)The owner has limited personal liability.
• B)A sole proprietorship has few government rules and regulations to comply with.
• C)Business profits are not taxed.
• D)A sole proprietorship can easily attain additional funding.

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Definitions:

Performance Bonuses

Additional financial rewards given to employees for achieving specific performance targets or exceptional work contributions.

Rewards Provided

The various forms of benefits, compensation, and recognition given to employees in acknowledgment of their work performance and contributions.

Compensation Strategy

outlines how an organization plans to reward its employees, balancing between monetary payments and non-monetary benefits.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.