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Sole proprietorship is a form of business owned by

Commerce
WAEC 2010

Sole proprietorship is a form of business owned by

  • A. an individual
  • B. two or more persons
  • C. a registered business subsidiary
  • D. the government
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Correct Answer: Option A
Explanation

A sole proprietorship, also known as the sole trader, individual entrepreneurship is a form of business organization, wherein a single person owns, manages and controls, all the business activities

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts