QUESTION IMAGE
Question
- what are a sole proprietors advantages and disadvantages. a. unlimited income; minimal work hours b. better control of the companys income; unlimited liability c. makes most of companys decisions; works a lot of hours d. both b and c are true of a sole proprietors advantages & disadvantages
Brief Explanations
- Option a: "minimal work hours" is incorrect as sole proprietors often work long hours.
- Option b: "better control of the company’s income" is an advantage (sole proprietor has full control over profits), and "unlimited liability" is a disadvantage (they are personally liable for business debts).
- Option c: "makes most of company’s decisions" is an advantage (full decision - making control), and "works a lot of hours" is a disadvantage (they often have to handle many aspects of the business).
- Option d: Since both b and c have a correct advantage - disadvantage pair, this option is correct.
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d. both b and c are true of a sole proprietors advantages & disadvantages