Answered

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Which accurately describes the advantages of a sole proprietorship?

A. The owner of a sole proprietorship has the freedom to make all business decisions.
B. The owner of a sole proprietorship keeps the profits.
C. The owner of a sole proprietorship is able to sell stock to raise capital.

Sagot :

GinnyAnswer

Final answer:

Advantages of sole proprietorship: freedom to make decisions, keep profits, and unlimited liability for debts.


Explanation:

The advantages of a sole proprietorship include:

  1. The owner of a sole proprietorship has the freedom to make all business decisions.
  2. The owner of a sole proprietorship keeps the profits.

Unlike a corporation, where shareholders have limited liability, in a sole proprietorship, the owner has unlimited liability, meaning personal assets are at risk if the business faces debts or lawsuits.


Learn more about Sole proprietorship advantages here:

https://brainly.com/question/18836421


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