One of the major problems of a sole proprietor ... - JAMB Commerce 2018 Question
One of the major problems of a sole proprietor is sourcing for
A
Funds
B
Labour
C
Raw materials
D
Machineries
correct option: a
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
On of the disadvantages of sole proprietorship is difficulty in raising funds
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