Question

Which of following is advantages (A) and which is disadvantage (D) of sole proprietorship form of business?
(i) Maintenance of business secrets
(ii) Limited capital
(iii) Quick decision and prompt action
(iv) Lack of continuity
Select the correct answer from the options given below.

• A. $\left(i\right)-A,\left(ii\right)-A,\left(iii\right)-A,\left(iv\right)-A$
• B. $\left(i\right)-D,\left(ii\right)-D,\left(iii\right)-D,\left(iv\right)-D$
• C. $\left(i\right)-A,\left(ii\right)-D,\left(iii\right)-A,\left(iv\right)-D$
• D. $\left(i\right)-D,\left(ii\right)-A,\left(iii\right)-D,\left(iv\right)-A$

Answer 1

The correct option is C $\left(i\right)-A,\left(ii\right)-D,\left(iii\right)-A,\left(iv\right)-D$

C is the correct answer.