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WAEC Economics 2010 Question 19

Question 19

Business Organisations

One advantage of the Sole Proprietorship over other forms of business organizations is that it can

  1. A.make very high profits.
  2. B.employ many workers.
  3. C.keep its affairs private.
  4. D.produce on a very large scale.
Show the answer and explanation

Answer: C (keep its affairs private.)

Explanation

A sole trader need not publish accounts, so business secrets are kept.