Question

Which of the following is an advantage of sole proprietor ownership?

a. Limited liability
b. Freedom from government regulation
c. Ease with which capital can be raised
d. Ease with which qualified employees can be found
e. None of the above

Answer 1

The advantage of sole proprietorship ownership is the freedom from government regulation, as a sole proprietorship is subject to little government oversight compared to other business structures like corporations.

Step-by-step explanation:

Among the options provided, the advantage of sole proprietorship ownership is the Freedom from government regulation. In a sole proprietorship, the business is not a separate legal entity from the owner, meaning the owner is fully responsible for all debts and liabilities of the business. However, this type of business structure is subject to little government regulation, which allows for more direct control and less bureaucratic overhead. This is in contrast to corporations, which are subject to more regulations but offer limited liability to their owners.