Which of the following is a major advantage of sole proprietorships?
A) If sole proprietors seek funding from banks,down payment requirements typically are low.
B) Banks don't require any form of personal collateral to guarantee loans to sole proprietors.
C) A range of options are available for raising working capital for sole proprietors.
D) It is always possible to bring in others to the business in a sole proprietorship.
E) Autonomy in a sole proprietorship comes with total ownership of the business's finances.
Correct Answer:
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