The Popularity of the Sole Proprietorship Is Due to the Ease

question 16

True/False

The popularity of the sole proprietorship is due to the ease and low cost of organizing.

---

Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Monthly Profit

The total revenue of a business minus the total expenses for the month, indicating the financial gain.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Variable Cost

Costs that vary in direct proportion to changes in levels of production or business activity, such as materials and labor.