One advantage of the Sole Proprietorship over other forms of business organization is that it...

Economics

WAEC 2010

One advantage of the Sole Proprietorship over other forms of business organization is that it can

A. make very high profits
B. employ many workers
C. keeps its affair private
D. produce on a very large high scale

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Correct Answer: Option C

Explanation

Sole proprietorships have several advantages over other business entities. They are easy to form, and the owners enjoy sole control of the business profits. This system of business organization also enjoy privacy. Since it is a one man owned business, Its affairs remain private and are not mandated by law to publish its business transactions publicly.

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