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Business Studies

Features of Sole Proprietorship

A organisatio...

Question

A organisation is easy to form.

A

company

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B

partnership

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C

sole proprietorship

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Solution

The correct option is C sole proprietorship
A sole proprietorship organisation is easy to form.

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Similar questions

Q. Statement A : Easy to form is advantage of sole proprietorship form of business.
Statement B: Easy to wind up is advantage of sole proprietorship form of business.

Q. Statement A: Easy to form is advantage of sole proprietorship form of business.
Statement B : Easy to wind-up is advantage of sole proprietorship form of business.

When is it appropriate to select sole proprietorship form of organisation ?

Q. Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______ business, (small / large)
(c) Liability of a sole proprietor is ________ (limited / unlimited)
(d) Sole proprietorship _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)

Q. Sole proprietorship form of business organisation is suitable ________.

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