A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.

False

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True

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Solution

The correct option is B
True

True. A partnership is the best option in terms of sharing of profits and losses and also the manner of conducting the business.

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Similar questions

Why is partnership regarded as a viable option for overcoming the disadvantages of financing and managing an expanding business under sole proprietorship?

What distinguishes partnership from the sole proprietorship?

Explain any three limitations of sole proprietorship.

Q. Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why? Give merits of sole proprietorship.

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)
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A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.

The correct option is B True True. A partnership is the best option in terms of sharing of profits and losses and also the manner of conducting the business.

The correct option is B
True

True. A partnership is the best option in terms of sharing of profits and losses and also the manner of conducting the business.