GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is an advantage for an entrepreneur for starting a business as a sole trader?
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Limited liability means that losses can be minimised
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Owner has control of decision making
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It is easier to raise finance than other types of business structure
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Less risky than other types of business structure
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Explanation:
Detailed explanation-1: -Sole proprietorship has the following advantage: Ease of starting a business, being your own boss, a pride of ownership, quick decision, direct incentive, confidentiality of information.
Detailed explanation-2: -Answer: (c) partnership. Which of the following is an advantage of a sole proprietorship? (a) ease of starting a business.
There is 1 question to complete.