Is Sole Proprietorship Safe?
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Why might someone argue that sole proprietorship is not the safest type of business ownership?

  • Access to capital
  • Tax advantages
  • Limited liability protection (correct)
  • Ease of formation

    • Which factor contributes to the risk associated with sole proprietorship?

  • Share of profits with partners
  • Ease of decision-making
  • Personal and business assets are not separate (correct)
  • Access to government contracts

    • What characteristic of sole proprietorship makes it vulnerable in terms of business ownership safety?

  • Limited control
  • Tax complexity
  • Unlimited personal liability (correct)
  • Corporate governance

    • More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser