Which of the following is a benefit of a sole proprietorship?I It is easy to register and dissolve with minimum formalities. II The registration fee is low. III Easy to manage as management is done by one person (the proprietor).IV Flexible, minimum regulatory requirement. V Profits belong to the owner.

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	I and II
B	II and III
C	III and IV
D	III, IV and V
E	I, II, III, IV and V

Explanation:

Detailed explanation-1: -Freedom to work. Flexibility in schedule. Getting to learn new things everyday. Financial independence.

Detailed explanation-2: -When you run your own business, you build your own team. You can surround yourself with people who share your vision and work the way you want them to. Being able to nurture new talent and get the best out of your colleagues is one of the most rewarding things about being an entrepreneur.

Detailed explanation-3: -Entrepreneurs provide job opportunities. Entrepreneurs increase competition & boost productivity. Entrepreneurs create new business & new markets. Entrepreneurs add national income. More items

Detailed explanation-4: -A flexible schedule. Autonomy. Chance to build a career that aligns with your beliefs. Continued growth and development. Enhanced managerial abilities. Economic development. Improving the standard of living. Meeting like-minded people. More items •20-Feb-2023

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP