Which of the following is not a disadvantage of a one-man business?
Answer Details
The option that is NOT a disadvantage of a one-man business is "Personal control of business." One-man businesses are those that are owned and operated by a single individual, and while they offer several advantages such as full control and flexibility, they also come with some disadvantages. These disadvantages include unlimited liability, which means that the owner is personally responsible for any debts or legal issues that arise in the business. Additionally, the life of the business is limited to the life of the owner, meaning that the business may not be able to continue after the owner's death or retirement. Difficulty in raising additional capital is also a disadvantage of one-man businesses, as lenders and investors may be hesitant to invest in a business that is solely owned and operated by a single individual. However, personal control of the business is not a disadvantage, as it allows the owner to make all the decisions and maintain full control over the direction and operations of the business.