Examlex
Explain how empowerment helps develop an effective service culture.
Incorporation Options
Various legal structures available for businesses when formally establishing their company with the state.
Sole Proprietorship
A business owned and operated by a single individual, with no distinction between the business and the owner in terms of legal and financial affairs.
Advantages
The positive aspects or benefits that contribute to achieving success or gaining a competitive edge.
Disadvantages
Disadvantages refer to the negative aspects or conditions that reduce effectiveness, efficiency, or desirability of something or someone.
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Q25: A sole proprietorship is a one-owner business.
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