Which of the Following Is an Advantage of a Sole

question 7

Multiple Choice

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

• A)Owners of sole proprietorships can raise a lot of capital quickly for expansion purposes.
• B)The owner of a sole proprietorship has complete control over the business.
• C)The sole proprietorship's existence does not depend entirely upon the sole proprietor.
• D)The owner of a sole proprietorship has no liability.

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Definitions:

Patented Semiconductor Technology

A unique and legally protected technology related to semiconductor devices, which has been officially registered with a patent office.

Royalty Payments

Financial payments made for the use of someone else's property, typically intellectual property like patents, copyrighted material, or trademarks.

Joint Venture/Strategic Alliances

Business arrangements where two or more parties collaborate on a project or business activity, sharing risks and benefits.

Global Managers

Individuals with expertise in navigating and managing business operations across diverse international markets.