CS713 MIDTERM PAST PAPERS BY MOAAZ
Absence of Innovation Because of the dread of experiencing misfortune, a sole owner doesn’t utilize new strategies for creation. In this way, there is no development or advancement.
Absence of Public Confidence The public shows less trust in this kind of business association since there is no lawful enrollment to control and end up the business.
Absence of Skilled Person One individual can’t recruit the ser4vices of qualified and talented people since he has restricted assets. It is additionally an extraordinary disservice.
The board Difficulty One individual can’t play out a wide range of obligations successfully. Assuming he is a decent bookkeeper, he
may not be a decent executive. Because of this, business experiences a misfortune.
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Much Strain on Health In this kind of business association, there is a lot of strain on the soundness of the financial specialist since he alone handles a wide range of exercises.
Not Durable This kind of business association isn’t tough on the grounds that its presence relies on the life of the sole owner. Extremely durable Existence In this sort of business there is a need for the extremely durable presence of a finance manager.
If there should arise an occurrence of nonattendance from business for a few days might turn into the reason for misfortune. Chance of Careless Drawings Insole ownership, proprietor himself is a chief.
There is no doubt about his choices or activities. In this way, there is a gamble of reckless drawings by him.
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