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22 June, 17:49

Question 3

Which type of business offers the best chance for quick decision-making?

A) Corporation

B) Limited partnership

C) General partnership

D) Sole proprietorship

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Answers (1)
  1. 22 June, 19:35
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    Answer: Sole Proprietership

    Explanation:

    A Sole proprietership offers the best chance of decision making because decisions are made by one person, the owner.

    Whereas:

    A Corporation is a company and a company's decisions are made by mainly the chief executive Officer together many other board members hence there is no chance for quick decision making in a company since a lot of people have to approve of the decision.

    A general and limited partnership consists of 2 or more owners hence a lot of people are involved in making the decision.
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