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WAEC Commerce 2010 Question 31

Question 31

Business Units

Sole proprietorship is a form of business owned by

  1. A.an individual.
  2. B.two or more persons.
  3. C.a registered business subsidiary.
  4. D.the government.
Show the answer and explanation

Answer: A (an individual.)

Explanation

A sole proprietorship is owned by one person.