JAMB Economics 1994 Question 28

Question 28

Business Organisations

A major shortcoming of the sole proprietorship form of business is lack of

  1. A.working capital
  2. B.patronage
  3. C.continuity
  4. D.market
Show the answer and explanation

Answer: C (continuity)

Explanation

The business depends on one person, so it may end when the owner dies or falls ill.