Question

question 2 points 2 which of the following is an advantage of a sole proprietorship? the owner bears unlimited liability for the business. personal assets may be sold to pay off debts. it is the easiest and least expensive type of business to start. business competition is extremely low.

Explanation:

• Analyze each option:
• "The owner bears unlimited liability..." is a disadvantage, not an advantage.
• "Personal assets may be sold..." is related to unlimited liability, a disadvantage.
• "It is the easiest and least expensive..." is a key advantage of sole proprietorships, as there are few legal formalities and low startup costs.
• "Business competition is extremely low" is not a defining advantage of sole proprietorships (competition depends on the industry).

Answer:

C. It is the easiest and least expensive type of business to start.