An advantage of proprietorship is that the owner is faced with
A) complete control.
B) easy-to-obtain financing.
C) unlimited liability.
D) limited liability.
E) lower tax rates than those applicable to a partnership.

Question

Quizplus · Accepted Answer

Proprietorship offers complete control to the owner, enabling them to make all the decisions related to the business operations. As the sole decision-maker, the proprietor can respond to business opportunities and changes quickly and more efficiently than in a partnership or a corporation.

An Advantage of Proprietorship Is That the Owner Is Faced