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Business Studies

Sole Proprietorship

For which typ...

Question

For which type of business is sole proprietorship form more suitable?

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Solution

The business in which less capital, quick decision is required and involves less risk and personal touch.

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For which of the following types of business, do you think a sole proprietorship form of organisation would be more suitable?

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

Q. Sole Proprietorship business is suitable for _________.

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)

For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable and why?

(a) Grocery store

(b) Medical store

(c) Legal consultancy

(d) Craft centre

(e) Internet cafe

(f) Chartered accountancy firm

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