If a sole proprietor is found negligent of an action, then that person could faceMultiple Choiceunlimited liability.limited liability.danger of dispute settlement.stock options.a gain in business assets.

The liability of a sole proprietor is:a) Limited to the capital investedb) Limited to the extent of his sharec) Unlimitedd) Limited to the profits

Which of the following is NOT an advantage of a sole proprietorship?independence in business decisionseasy to organizekeeping all profitslimited liability

Which of the following is not an advantage of a sole proprietorship?It is inexpensive to set up.Changes to the owner's business plan can be made easily.Liability is limited.Losses incurred by the business can be set off against the owner's income from other sources to reduce income tax.

Which of the following is not one of the advantages of a sole proprietorship?Multiple Choiceease and cost of formationsecrecyflexibility and control of the businessunlimited liability

Which of the following is not a disadvantage of operating a business as a sole proprietorship?Multiple choice question.Limited fundingDouble taxation of profitsAutomatic termination upon the owner's deathPersonal liability for business debts