Sole proprietorship means single-person ownership and offers the advantages of simplicity of decision making and low organizational and operating costs.

Question

Quizplus · Accepted Answer

Sole proprietorship is a form of business where a single individual owns and manages the business. It offers the advantages of simplicity in decision making, low organizational structure, and operating costs.

Sole Proprietorship Means Single-Person Ownership and Offers the Advantages of Simplicity