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Which of the following is an advantage the owners of a sole pro…

  • Question 22c of 25 - Businesses and partnerships

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?
  • Answers:
  1. Sole proprietors have an easier time raising money to start or expand their business.
  2. Sole proprietors don't have to pay any taxes on their profits.
  3. Sole proprietors are supported by stockholders and a board of directors.
  4. Sole proprietors get to make all of the business decisions themselves.

The correct answer is: Sole proprietors get to make all of the business decisions themselves. The owners of a corporation are not involved in the daily business of the company they own.

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