Which of the Following Is an Advantage of a Sole

question 87

Multiple Choice

Which of the following is an advantage of a sole proprietorship over other business forms?

• A)tax-exempt treatment of fringe benefits
• B)the deduction for compensation paid to the owner
• C)low tax rates on dividends
• D)ease of formation

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Definitions:

Career Environment

The physical and social setting in which individuals pursue their careers, encompassing organizational culture and opportunities for growth.

Strategic Competitiveness

Achieving a favorable position in the market by implementing unique strategies that leverage the organization's strengths in response to external opportunities and threats.

Continuous Innovation

An ongoing process of developing new or improved products, services, or processes that provide significant advances or competitive advantages.

Organisational Survival

The ability of an organization to continue functioning over time, adapting to changes and overcoming challenges.