Which of the following statements describes an advantage to the owner of a single proprietorship?
A) The owner's liability is limited to the amount he or she actually invests in the firm.
B) Shares of the firm can be traded on any stock exchange.
C) The owner can readily maintain full and complete control over every aspect of the firm's operation.
D) He or she has limited liability.
E) The firm has a legal existence separate from its owner.

Question

Quizplus · Accepted Answer

As the sole owner of the business, the proprietor has complete control over it and can make all decisions without the need for consultation or consensus building with other co-owners or a board of directors. This autonomy can be advantageous in terms of flexibility and agility in decision-making.

Which of the Following Statements Describes an Advantage to the Owner