Which of the Following Is an Advantage of Sole Proprietorships

question 120

Multiple Choice

Which of the following is an advantage of sole proprietorships?

• A) Ease in attracting a silent partner
• B) Sales and expenses are treated as part of personal finances
• C) It is easier to borrow money.
• D) There is increased continuity
• E) Bills are paid out of pocket

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Goal-Sharing

A strategy where organizational objectives are communicated and shared among team members to ensure alignment and foster cooperation.

Gain-Sharing

A performance-based compensation strategy where employees receive benefits from the cost-saving measures they contribute to.

Draw System

A compensation method where payments made to an employee in advance are later subtracted from their commissions to ensure they receive a consistent income.