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What is a sole proprietorship? A business with multiple owners A business with 2 or more owners A business with many owners A business with
- What is a sole proprietorship?
- A business with multiple owners
- A business with 2 or more owners
- A business with many owners
- A business with a single owner
- Which of the following is a disadvantage of sole proprietorship?
- Principle agent problem
- Hard and expensive to set up
- Poor access to capital
- Double taxation
- Which of the following is an advantage of corporate ownership?
- Easy to set up
- Limited liability
- Favorable taxation
- No longevity
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