One advantage of the Sole Proprietorship over other forms of business organization is that it can

Assessment: WAEC SSCE - Economics - 2010 (Objective) Subject: Economics

Question 1 Report

One advantage of the Sole Proprietorship over other forms of business organization is that it can

Answer Details
The advantage of a Sole Proprietorship over other forms of business organization is that it allows the owner to keep their affairs private. This means that the owner does not have to share information about their business with anyone else, and they have complete control over how the business is run. Additionally, there is no requirement to share profits or decision-making power with anyone else, which can result in greater flexibility and autonomy for the owner. However, a Sole Proprietorship may not necessarily be the best option for every business, as it also has limitations in terms of raising capital and sharing liability.

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