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:

Management Practices

The methods, strategies, and techniques adopted by organizational leadership to execute activities, achieve goals, and manage resources effectively.

Job Enrichment

Enhancing a job's meaningfulness and engagement levels through increasing the variety of tasks, giving more autonomy, and making the work more rewarding.

Japanese Management

A management style and philosophy rooted in Japanese culture, emphasizing consensus-building, lifetime employment, and a strong sense of community in the workplace.

Group Decisions

The process by which multiple individuals come together to make a decision, combining their ideas, preferences, and expertise.