JAMB Commerce 2022 Objective — Question 12

Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

12. Which of the following businesses suits sole proprietorship?

A. (A) oil exploration business
B. (B) construction business
C. (C) gold mining business
D. (D) retailing businessCorrect

Explanation

A retail business is best run as a sole proprietorship, since it does not require huge capital or complex management.

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