Question

multiple choice 2 points
which pair of phrases best completes the diagram?
sole proprietorship
advantages disadvantages
simple to get started limited life span
? ?
b. funds raised by selling stock; complex regulations
d. owner keeps all profits; unlimited liability
a. many expert partners; conflict between owners
c. limited liability; owner can be removed by stockholders

Explanation:

A sole - proprietorship is a business owned by one person. One advantage is that the owner keeps all the profits. A major disadvantage is that the owner has unlimited liability, meaning personal assets can be used to pay business debts. Selling stock is not applicable as it's a feature of corporations. A sole - proprietorship has no partners, so there are no partner - related issues. And it has limited liability only in the case of some special business forms which are not sole - proprietorships.

Answer:

d. Owner keeps all profits; Unlimited liability