Which of the following is not a feature of Sole Proprietorship?
Answer Details
The feature that is not associated with Sole Proprietorship is: "Decision can be taken only by ten people". Sole Proprietorship is a type of business ownership where a single individual is the owner of the business. The proprietor provides the capital to start the business and is in charge of managing the business. In Sole Proprietorship, there is unlimited liability, which means the owner is personally liable for the debts and obligations of the business. Continuity is also doubtful at the death of the proprietor since the business is not a separate legal entity. The proprietor has complete autonomy to make decisions regarding the business without any interference from others. Therefore, the statement that "Decision can be taken only by ten people" does not apply to Sole Proprietorship.