Commerce brings about all except one

Improvement in the standard of living

The basic characteristics of co-operative society include all except one

It follows the principle of one man

Extra capital is raised through loan

The difference between Articles of association and memorandum of Association is that the latter deals

with the powers and relationships of the company with outsiders

with the Internal working relationship of the company and its members

with the powers and relationships of the company with outsiders

The method of issue, transfer and future of the company's shares

The rights and responsibilities of shareholders

The basic characteristics of co-operative society include all except one

It follows the principle of one man

Extra capital is raised through loan

JAMB UTME - Commerce - 2019 | Green Bridge CBT

Pregunta 1 Informe

One of the disadvantages of Sole Proprietorship is__________

It requires small operations

It involves small capital

It lacks specialization

Grants from government

Detalles de la respuesta

One of the disadvantages of Sole Proprietorship is that it "lacks specialization." A Sole Proprietorship is a type of business structure where an individual operates and owns the business by themselves. This type of business structure is simple to start and requires minimal paperwork, but it also has some disadvantages. One of the disadvantages of Sole Proprietorship is that it lacks specialization. This means that the owner of the business is responsible for all aspects of the business, including management, marketing, finances, and operations. This can be overwhelming for one person to handle, and can lead to burnout or reduced efficiency. Additionally, a Sole Proprietorship does not have any separate legal standing from the owner, which means that the owner is personally liable for all debts and obligations of the business. This can put the owner's personal assets, such as their home or savings, at risk. So, the disadvantage of Sole Proprietorship mentioned in the question is "lacks specialization."

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500






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