SLO-2.3. Which of the following is an advantage of a soleproprietorship?OThe owner has unlimited liabilityOThe business ceases to exist when the owner diesOThere is a limit to the amount one person canborrowOProfits are taxed as individual income

A business organization is a legal entity incorporated for carrying out commercial activities. These…

Answered: SLO-2.3. Which of the following is an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income