Question
Which of the following are benefits enjoyed by sole proprietorships? Select the two correct answers.(1 point)
Responses
earning goes directly to the owner
earning goes directly to the owner
easy access to credit
easy access to credit
control of decision-making
control of decision-making
unlimited liability
Responses
earning goes directly to the owner
earning goes directly to the owner
easy access to credit
easy access to credit
control of decision-making
control of decision-making
unlimited liability
Answers
GPT-4o mini
The two correct answers that represent benefits enjoyed by sole proprietorships are:
1. **earning goes directly to the owner**
2. **control of decision-making**
"Sole proprietorships" allow the owner to keep all the profits, and the owner has full control over business decisions. "Easy access to credit" is generally more challenging for sole proprietorships compared to other business structures, and "unlimited liability" is a disadvantage rather than a benefit.
1. **earning goes directly to the owner**
2. **control of decision-making**
"Sole proprietorships" allow the owner to keep all the profits, and the owner has full control over business decisions. "Easy access to credit" is generally more challenging for sole proprietorships compared to other business structures, and "unlimited liability" is a disadvantage rather than a benefit.