Which of the following is a key advantage of a sole proprietorship?

• A. Limited liability
• B. Total control of the business
• C. Complex management
• D. High regulatory burden

Answer: (B)

Total control of the business is a defining advantage of a sole proprietorship because the owner can make all decisions quickly and direct every aspect of the operation without needing to get partners or a board’s approval. This single-authority setup allows the business to pivot fast in response to new information or opportunities, keeping the vision and execution tightly aligned. The other statements don’t fit this structure: there isn’t limited liability—the owner bears personal responsibility for debts; management is typically straightforward rather than complex; regulatory requirements are usually lighter than for larger, incorporated firms, not a heavy burden.