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WAEC Commerce 2020 Question 8

Question 8

Business Units

One advantage of sole proprietorship is that

  1. A.access to large capital is easy.
  2. B.decisions are made promptly.
  3. C.business risks are spread.
  4. D.continuity of business is assured.
Show the answer and explanation

Answer: B (decisions are made promptly.)

Explanation

A sole trader decides alone, so decisions are made quickly.