The sole proprietorship represents single-person ownership and offers the advantages of simplicity of decision making and low organizational and operating costs.

Name: The sole proprietorship represents single-person ownership and offers the advantages of simplicity of decision making and low organizational and operating costs.
Brand: Quizplus
Rating: 4.7 (31 reviews)

Question

Quizplus · Accepted Answer

The statement is true as a sole proprietorship is owned by only one person, which makes decision-making simple and the organizational and operating costs low.

The Sole Proprietorship Represents Single-Person Ownership and Offers the Advantages