Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Is Sole Proprietorship Safe?
3 Questions
1 Views

Is Sole Proprietorship Safe?

Created by
@CourteousSard519

Podcast Beta

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 Quizzes Like This

    Sole Proprietorship Quiz
    3 questions

    Sole Proprietorship Quiz

    PreciousSanity avatar
    PreciousSanity
    Sole Proprietorship Quiz
    5 questions

    Sole Proprietorship Quiz

    SelfRespectAgate avatar
    SelfRespectAgate
    Sole Proprietorship Business
    10 questions

    Sole Proprietorship Business

    SustainableCloisonnism avatar
    SustainableCloisonnism
    Sole Proprietorship Characteristics
    11 questions

    Sole Proprietorship Characteristics

    AttentiveRococo avatar
    AttentiveRococo
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser