Which of the Following Is an Advantage of a Sole

Multiple Choice

Which of the following is an advantage of a sole proprietorship?

A) The sole proprietorship continues upon the death of the owner.
B) The sole proprietor is entitled to all of the profits of the firm.
C) The sole proprietor is personally liable for all debts and obligations of the firm.
D) The sole proprietor is dependent on loans made by lending institutions and others for capital expansion.