Which of the Following Is a Key Advantage of a Sole

question 16

Multiple Choice

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

• A) The owner has limited liability for the debts for this type of business.
• B) It is easy and inexpensive to form this type of business.
• C) The business has a perpetual life.
• D) It is very easy to raise financial capital for this type of business.

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Definitions:

Knowledge Management

The processes using intellectual capital for competitive advantage.

Intellectual Assets

Intangible resources and knowledge that a company possesses, which can include patents, trademarks, business methodologies, and other forms of intellectual property that provide a competitive advantage.

Strategic Force

Denotes a military or organizational capability designed and utilized to achieve strategic objectives, often involving long-range or significant impact operations.

Decision-Making Process

A systematic approach to making choices among possible options to achieve a desired outcome.