Multiple Choice
Which of the following is a major advantage of sole proprietorships?
A) If sole proprietors seek funding from banks,down payment requirements typically are low.
B) Banks don't require any form of personal collateral to guarantee loans to sole proprietors.
C) A range of options are available for raising working capital for sole proprietors.
D) It is always possible to bring in others to the business in a sole proprietorship.
E) Autonomy in a sole proprietorship comes with total ownership of the business's finances.
Correct Answer:

Verified
Correct Answer:
Verified
Q105: _ is a corporation that,after meeting certain
Q106: Identify the incorrect statement about corporate officers.<br>A)Corporate
Q107: One of the disadvantages associated with sole
Q108: In the United States,_ income typically suffers
Q109: Explain the terms arm's-length transaction and pierce
Q110: The _ is similar to the LLC,except
Q111: All states give shareholders the right to
Q112: LLCs are the right form for taking
Q113: Preemptive rights are also known as _.
Q115: What is a limited partnership? Explain.