Asked by Ismael Santiago on Jul 03, 2024
Verified
The following are advantages of which form of business ownership: complete control over the business, few legal requirements and restrictions, and taxed as a single entity?
A) sole proprietorship
B) partnership
C) corporation
D) joint venture
Legal Requirements
Regulations or obligations dictated by law that must be adhered to by individuals, organizations, or businesses.
Taxed
The imposition of compulsory levies on individuals or entities by governments in order to finance government activities.
- Recognize the characteristics and advantages of different forms of business ownership.
Verified Answer
MB
Martha BonettJul 08, 2024
Final Answer :
A
Explanation :
Sole proprietorship offers complete control to the owner, faces few legal formalities, and is taxed as an individual entity, aligning with the advantages listed.
Learning Objectives
- Recognize the characteristics and advantages of different forms of business ownership.