WAEC Economics 2003 Question 26

Question 26

Business Organisations

One advantage of the sole proprietorship is that

  1. A.control and supervision is under one man
  2. B.accounts must be publicized
  3. C.it is always successful
  4. D.funds are easy to obtain
Show the answer and explanation

Answer: A (control and supervision is under one man)

Explanation

One owner controls and supervises the business, so decisions are quick.