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Business Studies

Features of Sole Proprietorship

All profits o...

Question

All profits of a sole proprietorship belong to the ______________.

A

stockholders

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B

partners

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C

owner

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D

the government

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Solution

The correct option is C
owner

All profits of a sole proprietorship belong to the owner.

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Similar questions

Identify the merits or limitation of sole proprietorship hidden in the quoted line.

(a) "The sole proprietor can easily change the size of the business."

(b) "All the profits of the business belong to the sole proprietor."

(c) ''Inability of the owner to manage all the activities of business himself.

Q. Answer is Yes or No:
(a) The sole proprietor is the exclusive master of his business.
(b) The liability of a sole proprietor is limited.
(c) A sole proprietorship has no legal existence apart from its owner.
(d) Sole proprietorship is the oldest form of business organisation.
(e) It is difficult to set up a sole proprietorship.

Q. A share of a company's net profits distributed by the company to its stockholders is called

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. Select the proper option from the options given below and rewrite the completed sentences.

A sole proprietorship has ________ owner/owners.
(a) one
(b) two
(c) unlimited.

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