Which of the Following Is an Advantage of Starting a New

question 174

Multiple Choice

Which of the following is an advantage of starting a new business as a proprietorship?

• A)The owner has limited personal liability.
• B)A proprietorship has few government rules and regulations to comply with.
• C)Business profits are not taxed.
• D)A proprietorship can easily attain additional funding.

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Definitions:

Effective Change Programs

Initiatives or strategies designed to implement and manage change within an organization successfully, ensuring minimal resistance and achieving desired outcomes.

Organizational Change Situation

A state or condition wherein an organization undergoes a transition to modify its strategies, processes, structures, or culture.

Economic Approaches

The various theories and methods used to analyze and understand the economy, markets, and consumer behavior.

Organizational Development

An area dedicated to advancing people's capabilities and results in executing successful changes and achieving better performance within organizations, encompassing research, theory, and hands-on practices.