Torrie Is Thinking of Starting Up a Small Business Selling

question 183

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She is considering setting up her business as a sole proprietorship.What is one advantage to Torrie of setting up her business as a sole proprietorship?

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

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Definitions:

Email Memo

A written message, typically less formal than a letter, distributed via email to convey information or directives within an organization.

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Specific goals set by a business or organization to guide its promotional and marketing efforts.

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The systematic process of collecting, organizing, storing, and retrieving data and information to support decision-making and operational activities.