All of the Following Are Advantages of Organizing a Business

question 422

Multiple Choice

All of the following are advantages of organizing a business as a sole proprietorship EXCEPT

• A) ease of formation.
• B) limited liability.
• C) ease of decision-making.
• D) single taxation.

---

Definitions:

Aptitude Test

A standardized test designed to measure an individual's potential to acquire skills or knowledge.

Numerical Ability

The capacity to use and understand numbers, including the skill to perform arithmetic operations, understand their use in quantifying objects, and recognizing their symbols.

Intelligence Test

A standardized assessment designed to measure a person's cognitive abilities, intelligence quotient (IQ), and potential.

Wechsler Adult Intelligence Scale

A standardized test designed to measure the intelligence and cognitive ability of adults and older adolescents.