Which Is an Advantage of a Sole Proprietorship Form of Business

question 159

Multiple Choice

Which is an advantage of a sole proprietorship form of business?

• A) There is limited personal risk.
• B) The business can continue indefinitely.
• C) The owner makes all the decisions.
• D) All of these answers are correct.

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Definitions:

Special Adjustments

Modifications or changes made to financial statements or business strategies to address specific issues or to better reflect economic realities.

Geographical Adjustments

Adjustments made to policies, prices, or strategies based on the geographical location of markets or resources.

Discounts

are reductions from the usual cost of something, often used to prompt sales or as a negotiation tactic.

Allowances

Discounts or financial concessions given to customers, employees, or distributors as an incentive or for defective goods.