List the Advantages and Disadvantages of a Sole Proprietorship Form

question 46

Essay

List the advantages and disadvantages of a sole proprietorship form of business.

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Definitions:

Judgment Sample

A sampling technique where the samples are selected based on the judgment of the researcher, rather than random selection.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen, used to make inferences about the whole population.

Correlation

A metric that shows how much two or more variables move in relation to each other.

Causation

The relationship between cause and effect, where one event is the result of the occurrence of another event.