I need the answers now to the questions below bus dq wk 4 a

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Qepngul

Business Finance

Description

a.  Based on your previous response in the week 3 discussion, list 3 advantages and 3 disadvantages to your selected form of ownership.   

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Explanation & Answer

sole proprietorship

advantages

  • There is independence since you are the boss of your own business
  • There is freedom in the work that we do
  • All profits are for the owner of the business.

disadvantages.

  • the risk bearer is by the individual it is not shared.
  • there is no sharing of the ideas
  • time commitment is by the business owner since there is no rotation of duties.



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