Which of the Following Is an Advantage of a Sole

question 5

Multiple Choice

Which of the following is an advantage of a sole proprietorship?

• A) The owner has unlimited liability.
• B) The business ceases to exist when the owner dies.
• C) There is a limit to the amount one person can borrow.
• D) Profits are taxed as individual income.
• E) The owner enjoys lack of continuity.

Comprehend the value of diversity and inclusion within organizational culture.

Understand the impact of gender on earnings within the workforce.

Grasp the significance of fit between organizational culture and individual characteristics.

Recognize the management functions necessary for organizational effectiveness: planning, organizing, leading, and controlling.

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Definitions:

Artifically Low Prices

Prices set below the market equilibrium through external interventions, often leading to shortages or excess demand.

Swedish Economy

The economic framework and practices of Sweden, characterized by a comprehensive welfare state, mixed economy, and high standard of living.

American Economy

The economic system of the United States, characterized by a mix of private and public enterprises and a liberal market economy.