Which of the Following Is an Advantage of Sole Proprietor

question 8

Multiple Choice

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

• A) direct control of the business
• B) keeping 50 percent of the profits
• C) limited liability
• D) better terms from suppliers

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Definitions:

Strong Sense

A highly developed awareness or conviction in a particular area or aspect.

Subject Matter Expertise

Profound knowledge or skill in a specific area or topic, making one an authority in that field.

Complacency

A feeling of smug or uncritical satisfaction with oneself or one's achievements, leading to a potential lack of vigilance or readiness for change.

Building Trust

The process of developing confidence in another's character and actions, fundamental for effective communication and team cohesion.