Which of the following are benefits enjoyed by sole proprietorships? Select the two correct answers.(1 point)

Responses

unlimited liability
unlimited liability

limited liability
limited liability

control of decision-making
control of decision-making

easy access to credit
easy access to credit

earning goes directly to the owner

1 answer

The two correct answers that describe the benefits enjoyed by sole proprietorships are:

  1. Control of decision-making
  2. Earning goes directly to the owner

Sole proprietors have full control over their business decisions and the earnings generated by the business go directly to them.

(Note: "Unlimited liability" is a disadvantage rather than a benefit, and "limited liability" does not apply to sole proprietorships. "Easy access to credit" can vary and is not universally a given for sole proprietorships.)