Which of the Following Is Considered an Advantage of a Sole

question 217

Multiple Choice

Which of the following is considered an advantage of a sole proprietorship?

• A) easy to raise large sums of capital
• B) limited liability for owner
• C) profit taxed only once
• D) permits effective specialization

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Definitions:

Unequally Shared

Describes a situation where resources, responsibilities, or benefits are distributed disproportionately among members of a group.

Learned Beliefs

Convictions or opinions that are acquired through experiences, education, or social interactions.

Values

Core beliefs or principles that guide behavior and decision-making.

Symbols

Symbols are representations or signs used to signify ideas, objects, or relationships.