Question

1. what are a sole proprietors advantages and disadvantages.

a. unlimited income; minimal work hours
b. better control of the company’s income; unlimited liability
c. makes most of company’s decisions; works a lot of hours
d. both b and c are true of a sole proprietors advantages & disadvantages

Explanation:

• Option a: "minimal work hours" is incorrect as sole proprietors often work long hours.
• Option b: Advantage - sole proprietors have better control over company income; Disadvantage - they have unlimited liability (personal assets at risk for business debts).
• Option c: Advantage - they make most company decisions; Disadvantage - they typically work many hours.
• Option d: Since both b and c have correct advantage - disadvantage pairs for sole proprietors, this is correct.

Answer:

d. both b and c are true of a sole proprietors advantages & disadvantages