Which of the Following Is an Advantage of Sole Proprietor

question 105

Multiple Choice

Which of the following is an advantage of sole proprietor ownership?

• A) ease with which qualified employees can be found
• B) ease with which capital can be raised
• C) limited liability
• D) less government regulation

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Definitions:

Public Policy

Fundamental principles or ideologies concerning what is regarded by the government as being in the public's best interest.

Fraud

Intentional deception made for personal gain or to damage another individual, involving false representation of facts, omission of information, or other deceitful practices.

Illegal Contract

A contract that is void and unenforceable because it involves activities that are against the law.

Quasi-Contract

A legal concept where a court enforces an obligation between parties as if they had entered into a contract, to prevent unjust enrichment.