Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one advantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would have the ability to share risk with shareholders.
B) As a sole proprietor, Torrie would face limited liability.
C) As a sole proprietor, Torrie would have both ownership and control over the business.
D) All of the above would be advantages of setting up her business as a sole proprietorship.
C
You might also like to view...
The idea behind antitrust legislation is to
A) promote competition in the market. B) justify deregulation of industries. C) implement contestable markets. D) create larger firms.
Data on Northeastern manufacturing firms show that firm size (number of workers per firm) increased for _________________ between 1820 and 1860
a. mechanized industries b. non-mechanized industries c. mechanized and non-mechanized industries d. only the textile industry
The introduction of the practice of securitization allowed:
A. banks to more safely assume subprime mortgage loans. B. the government to promote a sense of security in the banking industry. C. banks to more safely leverage their investments. D. borrowers to feel better about taking out subprime loans.
The demand for a particular good depends on variables such as:
A. consumer income. B. price of substitutes. C. price of complements. D. All of these.