Question

1.List two advantages of sole proprietarship form of business?
2.What is a 'single person owning a business and having full control of it' called?
3.In which trade one man's control is the best?
4.Name the organisation where whole of the profit goes to one man? ​

Answer 1

1)quick decision making.

whole profit earned by a single person.

no possibility of conflicts

2) sole proprietorship

3) small business.

4) sole proprietorship.