Which of the following is an advantage of sole proprietorship?
A) Ease of pooling financial resources
B) Ability to attract talented employees
C) Retention of control
D) Limited liability

Question

Quizplus · Accepted Answer

The retention of control is an advantage of sole proprietorship as the owner has full control over decision-making without having to consult with any other partners or shareholders. However, pooling financial resources, attracting talented employees, and limited liability are advantages associated with other types of business structures such as partnerships and corporations.

Which of the Following Is an Advantage of Sole Proprietorship