Among the disadvantages of the one-man business is the fact that______
- its capital may not be increased without government permission
-
the proprietor is personally liable for the firm's debts
- the proprietor is not able to obtain credit
- the proprietor may not sue for bad debts
The correct answer is: B
Explanation
A one man business also sole proprietorship is run by an individual. The debts of the proprietor can affect the firm.