Which of the Following Is NOT a Disadvantage of a Sole

question 8

Multiple Choice

Which of the following is NOT a disadvantage of a sole proprietorship as a form of business organization compared to the corporate form of business organization?

• A)Access to the capital markets
• B)Unlimited liability of the owners
• C)Subject to the double taxation
• D)Limited liability of the shareholders

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Definitions:

Public Ownership

Ownership of assets or organizations by the government or other public bodies rather than private individuals or companies.

Agriculture

The science, art, and practice of cultivating plants and livestock.

Imports

Foreign goods and services purchased by domestic customers.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use as opposed to international or business consumers.