What are some advantages of making a painting with acrylic instead of oil paint?

Here are some common advantages of acrylic paint:
1. Acrylic paints are flexible and suitable for a wide range of painting techniques
2. They do not require solvents, such as turpentine
3. Acrylic paints are mostly water based, which is easy to thin for building up layers of color or glazing
4. They can be applied opaquely to rapidly cover a large area of a painting with flat, even color
5. Acrylic paints can be applied to a painting surface in thin washes, similar to watercolors
6. Acrylic paint dries very quickly — and once dry, can be painted over to cover a mistake
7. Acrylic paint can be applied in a thick impasto style