Which of the Following Statements Is True Regarding the Advantages

question 12

Multiple Choice

Which of the following statements is true regarding the advantages and disadvantages of a sole proprietorship?

• A) A sole proprietorship cannot be created without formal agreements or state filings.
• B) The proprietor reports income from the business as corporate tax.
• C) The proprietor alone bears liability for the losses.
• D) It is usually easy for sole proprietorships to raise capital.

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Definitions:

Performance Feedback

The process of giving employees information and evaluations on their work performance.

Performance Management

A systematic process by which an organization involves its employees in improving organizational effectiveness through goal setting, feedback, and coaching.

HR Systems

The integrated suite of software applications and tools used by an organization to manage human resources functions like payroll, benefits, hiring, and performance management.

Muslim Countries

Nations where Islam is a predominant or state-endorsed religion, often influencing the legal, social, and cultural norms.