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Which of the following is a characteristic of a sole proprietorship?

Which of the following is a characteristic of a sole proprietorship?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Limited liability
  • B Shared ownership
  • C Single owner
  • D Perpetual existence
  • E Corporate structure
Correct Answer: Option C
Explanation:
A sole proprietorship is owned and operated by a single individual.

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