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Which one of the following is not the limitation of sole proprietorship form of business organisation ?

Limited financial resources, unlimited liability, and limited managerial ability are major limitations of a sole proprietorship, whereas 'unlimited life' is not a…

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Which one of the following is not the limitation of sole proprietorship form of business organisation ?

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Correct answer C

Limited financial resources, unlimited liability, and limited managerial ability are major limitations of a sole proprietorship, whereas 'unlimited life' is not a feature/limitation because a sole proprietorship lacks continuity and may end upon the death, insolvency, or illness of the owner.

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