What is one advantage of a sole proprietorship over other types of businesses?

A. A group of people is responsible for running the business.

B. An individual can make all the business decisions.

C. Money can be borrowed from banks.

D. Portions of the company can be sold to stockholders.

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Alexandra Bates

4 December, 21:55

What is one advantage of a sole proprietorship over other types of businesses?

A. A group of people is responsible for running the business.

B. An individual can make all the business decisions.

C. Money can be borrowed from banks.

D. Portions of the company can be sold to stockholders.

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Marshall Shields · Answer 1

A sole proprietorship has one business owner. Personal liability of owner: Proprietor has unlimited personal liability for the obligations of the business.

Answer: B

What is one advantage of a sole proprietorship over other types of businesses?A. A group of people is responsible for running the business.B. An individual can make all the business decisions.C. Money can be borrowed from banks.D. Portions of the company can be sold to stockholders.

What is one advantage of a sole proprietorship over other types of businesses?

A. A group of people is responsible for running the business.

B. An individual can make all the business decisions.

C. Money can be borrowed from banks.

D. Portions of the company can be sold to stockholders.