JAMB - Economics (2019 - No. 32)
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
Açıklama
A one man business also sole proprietorship is run by an individual. The debts of the proprietor can affect the firm.