WAEC Commerce 2018 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
One disadvantage of a sole proprietorship is
- A. Quick decision-making
- B. unlimited liabilityCorrect
- C. pride of ownership
- D. unlimited source of capital
Explanation
A major disadvantage of sole proprietorship is unlimited liability — the owner is personally liable for all business debts.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.