Characteristics of sole proprietorship form of business is/are : 1. Single owner 2. Unlimited liability 3. Control by partner 4. No sharing of profit and loss
A
1 and 4 only
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B
2, 3, 4
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C
2 and 1 only
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D
4, 2 and 1
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Solution
The correct option is D 4, 2 and 1 Sole proprietorship is owned and controlled by one person.The main features of the proprietorship form of business are: