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:

Sustainable

The ability to maintain or improve certain processes or states indefinitely without depleting resources or causing harmful effects on the environment or social fabric.

Corporate Strategy

The overarching plan and direction a company adopts to achieve its long-term goals and maintain competitive advantage.

Operations

The day-to-day activities involved in running a business, ensuring it efficiently produces goods and services to meet customer demand.

Strategy Formulation

The process of crafting strategies to guide the allocation of resources.