Observation

Most of the candidates were able to State two merits of sole proprietorship type of business organization.

However, some of them failed to State two merits of sole proprietorship type of business organization.

The expected response to question 5 is as given below:

5.Merits of sole proprietorship type of business organization:

• easy and simple formation;
• quick decision making;
• enjoyment of privacy;
• enjoyment of business profit alone.