All the Following Indicate Possible Advantages to the Owners of Sole

question 39

Multiple Choice

All the following indicate possible advantages to the owners of sole proprietorships, except:

• A)independence in decisions.
• B)potential tax savings..
• C)limited liability.
• D)lack of red tape.
• E)none of the above; all are advantages

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Definitions:

Labor Relations

The field that studies the balancing of employer's interests with the rights of workers, and the laws and regulations affecting the employment relationship.

Labor Unions

Organizations formed by workers in various sectors to protect their rights, negotiate wages, benefits, and working conditions with employers.

Political Party

An organized group of people with similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Labor Party

A political party that advocates for the interests of the working class and supports labor unions, typically promoting policies like workers' rights, social welfare, and economic equality.