1. What is the combination of factors that sets sole proprietorships apart from all other business entities?

a) sharing the workload, along with ease of formation

b) ease of formation, along with receiving all of the profit

c) ease of formation, along with limited liability

d) limited liability, along with flexibility in taxation

2. A sole proprietorship has flexibility in decisions regarding (Choose 2 answers.)

a) pricing of services or goods sold.

b) how the business is taxed.

c) how much stock is sold.

d) when to schedule a vacation.