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…
Choose your answer
Which one of the following is not the limitation of sole proprietorship form of business organisation ?
Answer and explanation
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.
Practice for these exams
-
Rajasthan Lecturer And Coach Commerce