Question

Select an advantage of a sole proprietorship:

- Being your own boss
- Long hours
- Limited resources
- Solely responsible for debt

Answer 1

- Being your own boss

Step-by-step explanation:

A sole proprietorship business belongs to one person. The owner is responsible for all the important decisions for the business. He or she sources for the required capital, decides on the nature of the business, its location, and operating hours. This means the owner is the final decision-making maker.

A sole proprietor has the advantage of being their own boss.