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Question

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization. Why?


Solution

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization because of the following advantages:-
  1. Quick Decision
  2. Confidentiality 
  3. Direct Incentive 
  4. Sense of Accomplishment 
  5. Easy to Form and Dissolve

Business Environment, Ethics and Management

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