Which of the following is an advantage of a sole proprietorship?
A) The sole proprietorship continues upon the death of the owner.
B) The sole proprietor is entitled to all of the profits of the firm.
C) The sole proprietor is personally liable for all debts and obligations of the firm.
D) The sole proprietor is dependent on loans made by lending institutions and others for capital expansion.
Correct Answer:
Verified
Q5: Which of the following is the most
Q6: Stacy wants to set up a sole
Q7: Erica and Melanie set up a partnership.
Q8: Which of the following is a traditional
Q9: Which of the following statements is not
Q11: Which of the following statements is true
Q12: When a sole proprietor dies, his or
Q13: A sole proprietor's business profits are
A) not
Q14: Which of the following is a reason
Q15: There are more than_ sole proprietorships in
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