Economics JAMB

An advantage of the sole proprietorship over the partnership from of business organization is that?

A. its existence is limited by an individual’s life span
B. it relies on the decision of friends to succeed
C. the possibility of conflict in management is virtually non-existent
D. it enjoys limited liability for debt in the event of failure

Correct Answer:

Option C – the possibility of conflict in management is virtually non-existent

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