WAEC Commerce 2020 Objective — Question 8

Question 8 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.

One advantage of sole proprietorship is that

A. access to large capital is easy
B. decisions are made promptlyCorrect
C. business risks are spread
D. continuity of business is assured

Explanation

In a sole proprietorship business, the owner is the final decision maker; thus, decisions are made promptly since there is no need to contact others in decision making.

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