Among the disadvantages of the one-man business is the fa...
Among the disadvantages of the one-man business is the fact that______
Its capital may not be increased without government permission
The proprietor is personally liable for the firm's debts
The proprietor is not able to obtain credit
The proprietor may not sue for bad debts
Correct answer is B
A one man business also sole proprietorship is run by an individual. The debts of the proprietor can affect the firm.
A consumer with $10 needs a dress, a pair of shoes, a handbag and jewelry costing $20, $10, $7 ...
Nigerian indigenization decree was promulgated in order to ...
In a joint-stock company, the shareholders are the ...
Middlemen in an economy perform the function of ...
A high rent on land will affect the cost of producing maize ...
Indicate which of the following are invisible trade items in a country’s balance of payments? ...
When public enterprises become commercialized, it means that ...