A relatively low amount of government regulation is a key advantage of a:
A) partnership.
B) not-for-profit.
C) corporation.
D) proprietorship.

Question

Quizplus · Accepted Answer

Proprietorships are the simplest form of business organization and are typically owned and operated by one individual. They have relatively low government regulation compared to other forms of business organizations such as corporations, which require compliance with a range of legal and regulatory requirements. This is because proprietors are personally liable for their business and therefore have less need for regulation.

A Relatively Low Amount of Government Regulation Is a Key