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Introduction to NPO

In relation t...

Question

In relation to business organisation structure, which one of the following is easy to form and wind up?

A

A company

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B

A sole proprietorship

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C

Statutory corporation

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D

Public enterprises

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Solution

The correct option is B A sole proprietorship
A sole proprietorship business requires only one person, less capital to set up. It requires very less legal formalities to establish the business as compare to a company, statutory corporation. public enterprises. Hence, sole proprietorship is easy to form and wind up.

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Similar questions

Q. Statement A: Easy to form is advantage of sole proprietorship form of business.
Statement B : Easy to wind-up is advantage of sole proprietorship form of business.

Q. Statement A : Easy to form is advantage of sole proprietorship form of business.
Statement B: Easy to wind up is advantage of sole proprietorship form of business.

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)

The structure in which there is separation of ownership and management is called

(a) Sole proprietorship

(b) Partnership

(c) Company

(d) All business organisations

Q. Six Mark Question:
What is meant by 'Divisional Structure' of an organisation? For which type of business enterprises is this structure most suitable? State any four advantages of this form of organisational structure.

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