Question

Which is not the feature of Sole proprietorship *

1 point

a. Unlimited liability

b. limited managerial ability

c. delay in decision making

d. ease of formation

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Answer 1

Answer:

Sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person.'

Advantages: ease of start-up and closure, pride of ownership, retention of all profits, Secrecy, Quick decision making.

Disadvantages: unlimited liability, lack of continuity, Limited capital, limited management skills, and difficulty in hiring employees.