Jeremy Is Thinking of Starting Up a Small Business Selling

question 199

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a sole proprietorship.What is one advantage to Jeremy of setting up his business as a sole proprietorship?

• A)As a sole proprietor, Jeremy would face limited liability.
• B)As a sole proprietor, Jeremy would have the ability to share risk with shareholders.
• C)As a sole proprietor, Jeremy would have both ownership and control over the business.
• D)All of the above would be advantages of setting up his business as a sole proprietorship.

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Definitions:

Piaget

A psychologist from Switzerland famous for his groundbreaking research in the area of child development, specifically his cognitive development theory.

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