Sole-proprietorship - Jamb Economics Past Questions and Answers

Question 11:

• JAMB 2009

The major problem confronting a sole proprietor is

A. High level of risk
B. Limited expertise
C. Limited source of capital
D. High taxation

Question 12:

• JAMB 2021

In a sole proprietorship, the decisions are made by the ____________

A. Government
B. Management
C. Owner
D. Board of Directors