A Primary Reason to Open a Business as a Sole

question 20

Multiple Choice

A primary reason to open a business as a sole proprietorship instead of forming a corporation for business ownership is that:

• A) a sole proprietorship provides limited liability for the owner.
• B) it is easier to obtain bank and small business loan funding as a sole proprietorship.
• C) finding managers is easier in a sole proprietorship
• D) a sole proprietorship avoids double taxation of the owner and business.

Acquire techniques for effective sales writing and the AIDA strategy.

Understand the role of persuasion within organizational contexts.

Understand the accounting for investments in equity and debt securities, including classifications and recognition.

Calculate and interpret the components of comprehensive income and how they are reported in financial statements.