Physics · Industrial Management
Which of the following statements is NOT true about a sole proprietorship enterprise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Proprietorship enterprises are run by individual businessmen where the capital is collected from private partners.✓
- 2An individual exercises and enjoys absolute ownership rights in their own self-interest.
- 3A business owned and operated exclusively by one person is called a sole proprietorship.
- 4It features easy formation and closure as minimal legal formalities are required.
Correct answer
Proprietorship enterprises are run by individual businessmen where the capital is collected from private partners.
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