Question

List two merits of sol
e proprietorship

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

Ease of formation and dissolution: The sole proprietorship is the simplest form of business ownership. ...

Simplicity of operation and flexible management: ...

Sole claim on profits: ...

Favourable credit standing: ...

Preferential treatment by Government: ...

Social usefulness: ...

Tax advantage: