Question

Select the proper option from the options given below and rewrite the completed sentences.

A sole trading concern ensures ________ business secrecy.
(a) minimum
(b) maximum
(c) limited.

Answer 1

Correct option- b
A sole trading concern ensures maximum business secrecy.
Explanation:
The proprietor is the sole owner of the business; therefore, all decisions are taken by the proprietor himself. All business-related information remains with the owner. Further, it is the prerogative of the proprietor to share business information with others. Thus, a sole proprietorship guarantees maximum secrecy.