PLEASE ANSWER ASAP WITH 100% CORRECT ANSWER

Which of the following is an advantage of the sole proprietorship form of ownership?

A. Unlimited liability

B. Control over the business

C. Limited liability

D. Split responsibility

Respuesta :

Answer:

B. Control over the business

Explanation:

A sole proprietorship is an enterprise owned and managed by a single person. The owner makes all the critical decisions regarding the business. A sole proprietor enjoys all the profits by themselves but also suffers the losses.

A sole proprietor has full control of the business. He or she decides whom to employ, the location, and the nature of the business. As the sole owner, the proprietor does not share the powers and authorities of the business with any other person. A sole proprietorship is famous because of its ease of set-up and operations. The owner only needs to register the business with the local authorities.