passwella.
Menu

WAEC Economics 2013 Question 42

Question 42

Business Organisations

The following are advantages of sole proprietorship except

  1. A.quick and easy decision-making.
  2. B.keeping its business affairs private.
  3. C.assurance of raising huge capital for expansion.
  4. D.high level of commitment.
Show the answer and explanation

Answer: C (assurance of raising huge capital for expansion.)

Explanation

A sole trader usually finds it hard to raise large capital.