All the profits or ___ which are earned from the business are to be enjoyed by sole owner.

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Solution

Profits or losses

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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."

Which of the following statements does not clearly distinguish between entrepreneurship and management?

(a) Entrepreneurs found the business; managers operate it

(b) Entrepreneurs are the owners of their business; managers are employees

(d) Entrepreneurship is once for all activity; management is a continuous activity

Name the business organisation in which the owner is considered as the sole risk bearer and profit recipient.

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