Melissa runs a small medical bills collections agency. She decides wha

QUESTION

Melissa runs a small medical bills collections agency. She decides what to charge her customers, whom to hire, and how to grow the business.

She allows her employees to bring their children to work on occasion and doesn’t have to share financial information with anyone. Which benefit of running a sole proprietorship is described above?
A) starting up the business with ease
B) making all your own decisions
C) keeping all the profits
D) keeping your taxes relatively simple
E) ending the business with ease

ANSWER

Answer: B
Explanation: B) As the sole proprietor of her medical bills collections agency, Melissa has no boss. She is accountable only to herself and to her customers. She can make all of her own decisions.