All of the following are advantages of a sole proprietorship except:
A) Profit Incentive
B) Easy to Discontinue
C) Total Decision-Making Authority
D) Unlimited Personal Liability

Question

Quizplus · Accepted Answer

Unlimited personal liability is a disadvantage of a sole proprietorship, not an advantage. It means the owner is personally responsible for all the debts and obligations of the business.

All of the Following Are Advantages of a Sole Proprietorship