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4 May, 20:25

Which of the following types of business is popular for its ease and low cost of organizing?

a. Partnership

b. Not-for-profitc. Corporationd. Proprietorship

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Answers (1)
  1. 5 May, 00:22
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    proprietorship

    Explanation:

    The sole proprietorship is really the easiest form of enterprise in which a trade can be carried on. The sole ownership does not constitute a separate entity. It relates merely to the individual who owns the enterprise and is solely responsible for his or her debts.

    Owing to its convenience, simplicity of creation and minimal cost, the sole proprietorship is indeed a popular commercial type. A sole owner just needs to sign his / her title and obtain local permits, and the sole shareholder is open for business.
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