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Business Studies

Sole Proprietorship

In a sole pro...

Question

In a sole proprietorship firm the scale of business is .

A

large

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B

small

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C

medium

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Solution

The correct option is B small
In a sole proprietorship firm the scale of business is small.

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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 business is suitable for _________.

Q. As the business flourishes, a sole proprietorship might not get a chance to decrease costs as it lacks the economies of large scale business.

Q. The sole proprietorship form of business discourages self employment.

Q. Following is not a characteristic of sole proprietorship business _______________.

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