Which of the Following Would Be Considered an Advantage of the Sole

question 85

Multiple Choice

Which of the following would be considered an advantage of the sole proprietorship form of organization?

• A) Wide access to capital markets
• B) Unlimited liability
• C) A pool of expertise
• D) Profits taxed at only one level

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Definitions:

Alternative

Another option or choice available to parties in a situation, often considered when the primary option is not feasible or desirable.

Joint Payee

Involves two or more parties being named on a financial instrument or payment, requiring endorsement or agreement from all named before processing.

Suspended

Temporarily halted or stopped, often with the possibility of being resumed in the future.

Indorsed in Blank

A signature on a negotiable instrument, such as a check or promissory note, without specifying a new owner, making it payable to the bearer.