Which of the Following Is an Advantage of the Sole

question 23

Multiple Choice

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

• A) limited liability for its owners
• B) double taxation for its owners
• C) no significant legal requirements for starting the business
• D) easily transferred ownership

---

Definitions:

Benefits and Drawbacks

The positive aspects and negative impacts or limitations associated with a decision, policy, or product.

One-to-one Training

Individualized instruction or coaching tailored to meet the specific needs of a single learner, focusing on their personal goals and abilities.

Concentric Lamella

Circular layers of bony tissue that make up the osteon, the fundamental unit of compact bone, providing strength and resistance to bones.

Osteons

Also known as Haversian systems, cylindrical structures that contain a mineral matrix and living osteocytes, helping to give bone its strength and density.