Characteristics of sole proprietorship, Finance Basics

Characteristics of Sole Proprietorship

A. It caters for customers' personal attention

B. Accounts do not must be audited

C. Limited to such finances like:

  1. From banks short-term loans
  2. From suppliers trade credit
  3. Personal saving.
  4. Loans from friends and relatives.

D.  Highly flexible decision-creating process.

E.  Highly adaptable and flexible

F. To form less legal formalities.

Posted Date: 1/29/2013 2:07:49 AM | Location : United States







Related Discussions:- Characteristics of sole proprietorship, Assignment Help, Ask Question on Characteristics of sole proprietorship, Get Answer, Expert's Help, Characteristics of sole proprietorship Discussions

Write discussion on Characteristics of sole proprietorship
Your posts are moderated
Related Questions
For this assignment you are acting as a financial analyst for Apple Inc. Apple Inc. Is one of the most innovative companies worldwide. For example, in November 2012 Apple sold 3 mi

Ask question #Minimu• 1.What is an Auction? E Bay is a market leader in online auction sites. Discuss SWOT for E bay using your web sources?. 2.Why so many entrepreneurs drawn to

Problem 1 a) Explain Trade Liberalisation and give your views whether emerging economies should adopt trade liberalization protectionist measures to attain economic growth.

Funding Venture Capital Whenever a company's directors look for support from a venture capital institution, so they must distinguish that as: a) The institution will would

Capital Market - Financial Markets These are markets for long term funds along with maturity time of more than one year. As like of financial instruments required here are deb

For the set of activities shown in the table below, draw the total expenses vs. time curve using the following data: The labor rates are as follows: Labor # 1 (L1) rate = 30

What are the Types of orders (i) Spot Delivery: Spot delivery means delivery and payment on the same day as date of the contract or on the next day. (ii) Hand Delivery:

Functions of the Stock Exchange The essential function of a stock exchange is the raising of funds for investment in long-term assets. Whereas this basic function is very sign

Define the term- Origination Origination offers to the work of investigation, analysis and processing of new project proposals. Origination starts before an issue is really

1. The current interest rate is 6.83%. CanGo.com's stock has a beta of 2.0. Estimate the cost of equity. 2. CanGo.com has a bond with a semiannual coupon rate of 9% and 5 year m