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Which of the following is an advantage of a sole proprietorship?

a) It is easy to expand if it succeeds.

b) It faces few government rules.

c) It is easy to get financing to start one.

d) It has the lowest federal income taxes.

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Patrina Schowalter
Patrina SchowalterLv2
19 Feb 2020
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Related questions

In a sole proprietorship, the profits earned by the business are:
 
A. taxed as income for the business, but exempt from the personal income tax paid by the owner.
 
B. taxed at the lowest corporate rate.
 
C. the property of the owner, except for taxes owed to the government.
 
D. tax-free if the appropriate exemption is filed with the local government.
Which of the following is an advantage of the corporate form of​ business?
 
A) separation of ownership and management.
B) low​ start-up costs.
C) limited liability of stockholders.
D) less degree of government regulation.
The term business ethics is best described by the following statement:
 
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong. 
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards, and rules of conduct."
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
e. It comprises the principles, values, and standards that guide behavior in the world of business

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