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Business Studies

Sole Proprietorship

Which of the ...

Question

Which of the following factors is an advantage for a sole proprietorship?

A

Quick decision making

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B

Secrecy

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C

More funds

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D

Sharing of risks

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Solution

The correct option is A
Quick decision making

Quick decision making is an advantage for a sole proprietorship.

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Similar questions

Q. 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.

Which of the following is the main advantage of a sole proprietorship?

Q. The risk of the sole proprietorship business is shared with the employees of the business _______________.

Q. Statement A: Easy to form is advantage of sole proprietorship form of business.
Statement B : Easy to wind-up is advantage of sole proprietorship form of business.

Q. Statement A : Easy to form is advantage of sole proprietorship form of business.
Statement B: Easy to wind up is advantage of sole proprietorship form of business.

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