Business Studies · Forms of Business Organisations
What is considered a primary advantage of a Sole Proprietorship form of business?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The business has direct access to an immense pool of public capital resources.
- 2It is subject to minimal formal regulations and is simple to manage.✓
- 3The owner enjoys limited liability towards business debts.
- 4It is governed by highly complex legal and regulatory frameworks.
Correct answer
It is subject to minimal formal regulations and is simple to manage.
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