Register
To many businesspeople, one of the major attractions of a sole proprietorship is: A)the ability to obtain additional financial resources. B)the protection of limited liability. C)an unlimited lifespan.
122,243 views
17 votes
17 votes
To many businesspeople, one of the major attractions of a sole proprietorship is: A)the ability to obtain additional financial resources. B)the protection of limited liability. C)an unlimited lifespan. D)the chance to be their own boss

User RunarM
by
3.0k points

1 Answer

6 votes
6 votes

Answer:

D)the chance to be their own boss

Step-by-step explanation:

Proprietorship may be defined as the state of a business that is owned by oneself. When one is the rightful owner or holds the business independently, it is known as the proprietorship.

The sole proprietorship is also called as the individual entrepreneurship or the sole tradership. It is when a business or a firm is owned by one person. In such cases there many not be any legal difference between owner and the business entity.

Thus one of the major attraction of the sole proprietorship is the chance to be their own boss for many businessmen.

User Action Heinz
by
2.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Link Copied!