JAMB Commerce 2022 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

22. The main advantage of a sole trader is

A. (A) the freedom to make quick decisionsCorrect
B. (B) can seek a loan anywhere
C. (C) can employ any minor
D. (D) profit plough-back

Explanation

A sole trader does not need to consult anyone to make a decision, so the business enjoys a quick decision-making process.

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