Question

Sole Proprietor is the best, when ______.

Options

• Requires little capital

• Require large capital

• Capital is not required

• None of these

Answer 1

Sole Proprietor is the best, when requires little capital.

Explanation:

A sole proprietorship is most appropriate when the business-

• Needs small capital investment.
• It is simple and manageable.
• There is a minor risk.