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.

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Definitions:

Aboriginals

Indigenous peoples native to a land or region, often used in reference to the original inhabitants of Australia.

UFE-Certified Accountants

Accountants who have successfully passed the Uniform Final Examination, a crucial requirement in the certification process for accountants in certain jurisdictions.

Labour Force

The total number of people available to work, including both the employed and those actively seeking employment.

Barriers To Employment

Challenges or obstacles that prevent individuals from gaining employment, which may include factors like discrimination, lack of experience, or educational qualifications.