multiple choice 2 points\nwhich pair of phrases best completes the diagram?\nsole proprietorship\nadvantages…

multiple choice 2 points\nwhich pair of phrases best completes the diagram?\nsole proprietorship\nadvantages disadvantages\nsimple to get started limited life span\n? ?\nb. funds raised by selling stock; complex regulations\nd. owner keeps all profits; unlimited liability\na. many expert partners; conflict between owners\nc. limited liability; owner can be removed by stockholders

multiple choice 2 points\nwhich pair of phrases best completes the diagram?\nsole proprietorship\nadvantages disadvantages\nsimple to get started limited life span\n? ?\nb. funds raised by selling stock; complex regulations\nd. owner keeps all profits; unlimited liability\na. many expert partners; conflict between owners\nc. limited liability; owner can be removed by stockholders

Answer

Brief Explanations:

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