Nick wants to make money,so he starts his own business as a sole proprietor.He likes this form of business because
A) he will get to keep all of the profits the business makes.
B) profit is guaranteed since he will be the only owner.
C) it will provide a steady income for him.
D) he has to split the profits with only one other person.
E) he has to pay small dividends to the other owners.

Question

Quizplus · Accepted Answer

As a sole proprietor, Nick would be the only owner of the business, and therefore, he would get to keep all of the profits that the business makes. This is a significant advantage of being a sole proprietor, as opposed to being in a partnership or corporation where profits have to be shared with other owners.

Nick Wants to Make Money,so He Starts His Own Business