“One man control is the best in the world if that man is big enough to control everything”. Explain this statement.

'One Man Control' refers to the sole proprietorship form of business. It can be said that one man control is the best in the world if that man is big enough to control everything. This statement can be supported by various advantages offered by the sole proprietorship form of business. The following are some of the important advantages of sole proprietorship.

  1. Under a sole proprietorship the decision making is quick and and as per the proprietor. 
  2. The various information related to business remains confidential.  
  3. As the propreitor directly enjoys the benfits of the business, so, he has the incentive and motivation to work with dedication and hardwork.
  4. As no seperate laws regulate sole propreitorship, so it is the most easy to set up and shutdown.

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 This is class 11 portion . The answer is the advantages of sole trade or sole proprietor form of business organization .

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