JAMB Commerce 2021 Objective — Question 7
Question 7 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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7. One of the advantages of sole proprietorship is a. Capital b. Easy loan c. Cheap labour d. Quick decision making
- A. Capital
- B. Easy loan
- C. Cheap labour
- D. Quick decision makingCorrect
Explanation
The sole proprietor is the sole decision-maker for the business, allowing decisions to be made quickly.
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