Asked by Alison Vidas on Jun 30, 2024
Verified
A major advantage of a sole proprietorship is that the owner has complete control over the business.
Sole Proprietorship
A business structure where a single individual owns, operates, and is responsible for all aspects of the business.
- Learn about the assorted forms of business proprietorship and their unique qualities.
- Ascertain the positive and negative aspects of diverse business models.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
True
Explanation :
In a sole proprietorship, the owner has full authority to make all decisions regarding the business, allowing for complete control over its operations and direction.
Learning Objectives
- Learn about the assorted forms of business proprietorship and their unique qualities.
- Ascertain the positive and negative aspects of diverse business models.