GCE Book Keeping 2015 Objective — Question 13

Question 13 of 40 from the General Certificate of Education (GCE) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

Quick decision making is an advantage of a

A. public enterprise
B. joint stock company
C. partnership
D. sole proprietorshipCorrect

Explanation

With a sole owner making all decisions without needing to consult partners or a board, sole proprietorships can make decisions quickly - a key advantage of this business structure.

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