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Explain the advantages and disadvantages of Single ownership.
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Solution:

Advantages:

  • Prompt decision making:

    Owner is prompt in decision making since there is to be consulted.

  • Operational flexibility:

    The organization is easy to operate and it is extremely flexible.

  • Prompt decision making:

    Owner is prompt in decision making since there is to be consulted.

  • Easy to dissolve:

    The business …

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