Question 39
Business OrganisationsOne-man business are popular in West Africa because of all the following, except the
- A.ease of entry
- B.small capital required
- C.limited entrepreneurial skill needed
- D.ease of decision making
- E.tendency to become joint-stock companies.
Show the answer and explanation
Answer: E (tendency to become joint-stock companies.)
Explanation
Sole proprietorships rarely grow into companies; their popularity comes from easy entry, small capital and simple decision making.