Ask Question
17 February, 08:00

Christian wants to start a business. He is attracted to the idea of being his own boss, Christian wants to start a new business. He is confident in his abilities, and knows his potential market is strong, so he is not particularly worried about the financial risks. All of these factors suggest that Christian may favor starting his business as a sole proprietorship. True / False.

+2
Answers (1)
  1. 17 February, 08:35
    0
    Sole proprietorship

    Explanation:

    A sole proprietorship is an enterprise owned and managed by one person. The owner makes all the important business decisions. He or she may hire workers to assist him in running the daily operations of the business. A sole proprietor enjoys all profit from themselves but also suffers the losses.

    This type is business is popular due to the ease in which is can be established. Christian is most likely to start a sole proprietorship. He will become the boss of his business. Because Christian is sure of his finances, he will overcome the biggest disadvantage of a sole proprietorship, which is unlimited liability. Christian will be making all critical decisions that allow him to apply his potential and knowledge of the markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Christian wants to start a business. He is attracted to the idea of being his own boss, Christian wants to start a new business. He is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers