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

Ease of starting a business

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Being your own boss

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Pride of ownership

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All of the above

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Solution

The correct option is D
All of the above

Sole proprietorship has the following advantage: Ease of starting a business, being your own boss, a pride of ownership, quick decision, direct incentive, confidentiality of information.

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Similar questions

The structure in which there is separation of ownership and management is called

(a) Sole proprietorship

(b) Partnership

(d) All business organisations

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

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