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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