Which is an advantage of a public limited company?

Which of the following is not an advantage of operating as a sole trader?

Pertains to an individual, a group of people, or an organization engaged in the trading of goods and services to customers in exchange for money or other items of equivalent value.

Is Owned by a single individual called proprietor.

Is run by two or more individuals who join together.

Is owned by shareholders. It is structured as a separate

legal entity under the operation of law.

Advantages:

- cheap to organize

- easy to start and operate

Advantages:

- ownership by a group of individuals

- shared responsibility for any profits,

debts and decisions related to the business

Advantages:

- ownership divided into shares of stock

- management or decision-making

shared by board of directors

Disadvantages:

- more expenses involved

- more rules and regulations to comply with

Sole proprietors have ____________, a situation in which a business owner is responsible for all the losses, debts, and other claims against the business.

A _________ acts like business, but its purpose is to benefit society.

A __________ is a form of business organization recognized by law as a separate legal entity having all the rights of an individual. It has the right to buy and sell property, enter into legal contracts, and sue and be sued.

What is the name for an individual who owns a share of a corporation and is entitled to part of its profits?