From the Standpoint of an Owner, What Is a Major

question 47

Multiple Choice

From the standpoint of an owner, what is a major advantage of a sole proprietorship?

• A) retention of control
• B) permanence of the business
• C) ability to capitalize on complementary skills
• D) ability to pool financial resources

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Definitions:

Multivariate Analysis

A collection of statistical methods designed to evaluate data originating from multiple variables.

Path Analysis

A specialized form of structural equation modeling used to analyze complex relationships between directly and indirectly related variables.

Factor Analysis

A statistical method used to identify underlying relationships among variables by grouping them into factors based on their correlations.

Simplifies Data

The process of making complex data more understandable and accessible by reducing complexity or focusing on important details.