Question 41
Business OrganisationsThe advantage of the sole proprietorship is as follows:
- A.it is always successful
- B.continuity is no problem
- C.control and supervision is under one man
- D.funds are easy to obtain
- E.inter-generational equity is assured.
Show the answer and explanation
Answer: C (control and supervision is under one man)
Explanation
A sole trader controls and supervises the business personally, allowing quick decisions; the other options are not true of sole proprietorships.