In a sole proprietorship, the decisions are made by the ______

Assessment: JAMB UTME - Economics - 2021 Subject: Economics

Question 1 Report

In a sole proprietorship, the decisions are made by the ______
Answer Details
In a sole proprietorship, the decisions are made by the owner. Since a sole proprietorship is a business owned and operated by a single individual, the owner has complete control over all decisions related to the business, including management, finances, and operations. There is no board of directors or management team to share decision-making responsibilities with the owner, and the government is not involved in the day-to-day decisions of the business.
Read lesson note on Business Organizations (WAEC)
Read lesson note on Market Structures (WAEC)
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