Which of the Following Is Not an Advantage of Starting

question 166

Multiple Choice

Which of the following is not an advantage of starting a new business as a proprietorship?

• A)The owner has complete control over the business.
• B)A proprietorship has few government rules and regulations to comply with.
• C)Business profits are only taxed once, not twice.
• D)A proprietorship can easily attain additional funding.

---

Definitions:

Doodads

A nonspecific term often used to refer to small, miscellaneous items or gadgets.

Producer Surplus

The difference between the amount a producer is willing to accept for a good versus what they actually receive, often due to market prices.

Government Imposes

Actions taken by the government to regulate, tax, or otherwise exert authority over individuals and organizations, typically with the aim of affecting economic outcomes.

Tax

A compulsory economic imposition or another variety of levy tasked to a taxpayer by a governmental structure to provision government financial obligations and various public welfare expenses.