5 Questions
Which form of business organization has only one owner and is not a separate legal entity?
Sole Proprietorship
What is an advantage of a sole proprietorship?
The owner can easily transfer or sell the business
What is a disadvantage of a sole proprietorship?
Access to capital is limited
Who has the right to make all management decisions in a sole proprietorship?
The owner
What is the simplest form of business organization?
Sole Proprietorship
Test your knowledge on entrepreneurship and sole proprietorship with this quiz. Learn about the definition of entrepreneurship and the advantages of a sole proprietorship as the simplest form of business organization. Challenge yourself and see how well you understand the key concepts in this field.
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