What kind of business can be operated as a Sole Proprietorship
Not what you're looking for?
Which of the following businesses can be operated as a sole proprietorship?
a. any business, so long as there re no employees other than the proprietor
b. any business
c. any business, so long as the number of employees is not excessively large.
d. any service-type business
e. any business, so long as revenues are not excessively large
Purchase this Solution
Solution Summary
This solution identifies the kind of business that can be operated as a Sole Proprietorship, and explains why.
Solution Preview
Best answer: b. any business
Why? Any business has the option; however, sole proprietorship is not advantageous for larger companies, even if there is only one owner, because of the advantages, such as tax breaks, other types of businesses offer. The sole proprietorship has a sole owner, but can have ...
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Learning Lean
This quiz will help you understand the basic concepts of Lean.