Which of the following statements describes an advantage to the owner of a single proprietorship?
A)The firm has a legal existence separate from its owner.
B)Shares of the firm can be traded on any stock exchange.
C)He or she has limited liability.
D)The owner's liability is limited to the amount he or she actually invests in the firm.
E)The owner can readily maintain full and complete control over every aspect of the firm's operation.

Question

Quizplus · Accepted Answer

The advantage of a single proprietorship is that the owner can maintain full and complete control over every aspect of the firm's operation since they are the sole owner and decision-maker.

Which of the Following Statements Describes an Advantage to the Owner