Among the disadvantages of the one-man business is the fact that______ - SchoolNGR

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Among the disadvantages of the one-man business is the fact that______

Among the disadvantages of the one-man business is the fact that______

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Its capital may not be increased without government permission
B The proprietor is personally liable for the firm's debts
C The proprietor is not able to obtain credit
D The proprietor may not sue for bad debts

Correct Answer: Option B

Explanation:
A one man business also sole proprietorship is run by an individual. The debts of the proprietor can affect the firm.

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