Advantages of Operating as a Sole Proprietor Are

question 8

Multiple Choice

Advantages of operating as a sole proprietor are:

• A)total control by the owner over all decisions.
• B)low start-up costs.
• C)limited liability.
• D)Both A and B.

---

Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit of the investment divided by the cost of the investment.

Company-owned Chain

A series of businesses or retail outlets owned and operated by a singular company, as opposed to being franchises or independently owned.

Business Ownership

Refers to the legal possession of a business enterprise, including sole proprietorship, partnership, or corporation.