What is a main advantage of sole proprietorship?
Answer and explanation
Correct answer: निर्णय जल्दी लिए जा सकते हैं
In sole proprietorship, ownership and control are concentrated in one person, so the owner can usually make decisions without consulting partners. This may make a small business responsive and simple to manage. However, the owner also bears responsibility and business risk, and profit is not guaranteed. Thus, quick decision-making is the valid advantage in option A.
Frequently asked questions
What is the correct answer to this question?
निर्णय जल्दी लिए जा सकते हैं
Why is this the correct answer?
In sole proprietorship, ownership and control are concentrated in one person, so the owner can usually make decisions without consulting partners. This may make a small business responsive and simple to manage. However, the owner also bears responsibility and business risk, and profit is not guaranteed. Thus, quick decision-making is the valid advantage in option A.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Forms of Business Organisation. Topic: Sole Proprietorship.
