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JAMB Economics 1983 Question 18

Question 18

Business Organisations

In a sole proprietorship, the decisions are made by the

  1. A.government
  2. B.board of directors
  3. C.management
  4. D.shareholders' conference
  5. E.owner.
Show the answer and explanation

Answer: E (owner.)

Explanation

A sole proprietor owns and runs the business alone, so he or she makes all the decisions.