Which of the following is an advantage of a sole proprietorship? a. It is the least-regulated form of business organization. b. It is easy to get financing to start one. c. It is an easy way to make a lot of money. d. No one is responsible if it fails.
Social Studies · High School · Wed Jan 13 2021
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a. It is the least-regulated form of business organization.
An advantage of a sole proprietorship is that it is the least-regulated form of business organization compared to other structures like corporations or partnerships. However, it's important to note that while a sole proprietorship offers simplicity and ease of management, it also has its drawbacks, such as unlimited personal liability for business debts and the potential difficulty in raising capital compared to other forms of business entities.