Paper 1 · November 2019 · Forms of business organisation
A sole proprietorship is a business which is
Amanaged by a board of directors.
Bmanaged by a selected committee.
Cowned and managed by one person.
Downed by two to twenty people.
Explanation
A sole proprietorship (sole trader) is owned and run by one person; a board of directors belongs to a company, a committee to a club, and two to twenty owners to a partnership.
ZIMSEC Principles of Accounting 4051/1, November 2019, Q1