In a sole proprietorship decisions are made by the

Assessment: WAEC SSCE - Economics - 1991 (Objective) Subject: Economics

Question 1 Report

In a sole proprietorship decisions are made by the
Answer Details
In a sole proprietorship, decisions are made by the owner. This is because a sole proprietorship is a type of business organization in which an individual owns and operates the business alone, and therefore has complete control over all decisions related to the business. The owner is responsible for making all major decisions, such as setting business goals, determining strategies, hiring employees, and managing finances. Since there are no other shareholders, directors or partners involved, the owner has full autonomy over the business and can make decisions without needing to consult or seek approval from anyone else.

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