Question

What is sole proprietorship describe its four feature

Answer 1

Answer:

A (apex)

Explanation:

Answer 2

Answer:

Sole proprietorship is a form of business ownership exclusively owned and controlled by one person. The sole proprietor supplies the capital, manages the business, bears all the risk and receives all the profits.

A sole proprietorship firm has no legal existence separate from its owner. It is a one person show.

Its features are :

• The owner bears all the risks and enjoys the profits himself.

• It is one man show.

• The owner himself provides with all the capital and finances the business.

• The continuity of the business depends upon the life of the owner.