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Which of the following is an advantage corporations enjoy over sole proprietorships?

  • Question 22b of 25 - Businesses and partnerships

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following is an advantage corporations enjoy over sole proprietorships?
  • Answers:
  1. Corporations have an easier time raising money to start or expand a business.
  2. The taxes paid by a corporation are generally much smaller.
  3. Sole proprietors have to abide by the decisions of a board of directors.
  4. The investors in a corporation get to make all of the business decisions themselves.

The correct answer is: Corporations have an easier time raising money to start or expand a business. By selling stock to many investors, a corporation can raise money much more easily than a sole proprietor.

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