JAMB Economics 2009 Objective — Question 39

Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

The major problem confronting a sole proprietor is

A. a high level of risk
B. limited expertiseCorrect
C. limited source of capital
D. high taxation

Explanation

The greatest challenge of a sole proprietor is the limitation he faces in raising funds.

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