WAEC Economics 2013 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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The following are advantages of sole proprietorship except
- A. quick and easy decision making
- B. keeping its business affairs private
- C. assurance of raising huge capital for expansionCorrect
- D. high level of commitment
Explanation
A sole proprietor faces a major challenge raising capital for the business — this is a disadvantage, not an advantage, of sole proprietorship.
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