Sole Proprietorship Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. In which form the owner, establisher and manager is only one?

    (a)

    Joint Enterprise

    (b)

    Government Company

    (c)

    Co-operative Society

    (d)

    Sole Proprietor

  2. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  3. There is a limit to ___________ ability of a sole trader.

    (a)

    managerial

    (b)

    worker

    (c)

    owner

    (d)

    none of these

  4. The business organisation which runs on the principle" All is he and he is all in all" is _________________

    (a)

    Sole trading concern

    (b)

    Co-operative society

    (c)

    Joint Hindu Family

    (d)

    Partnership

  5. The sold Trader is entitled to enjoy all ___________ of the Business.

    (a)

    income

    (b)

    profit

    (c)

    loss

    (d)

    none of these

  6. 5 x 2 = 10
  7. What are the Non-corporate enterprises?

  8. What are the Corporate enterprises?

  9. A sole trader tends to make hasty decision - Explain :

  10. What is the other name for sole proprietorship?

  11. The fear of loss acts as a stimulant for hard work-How?

  12. 5 x 3 = 15
  13. Write any three characteristics of Sole Proprietorship?

  14. Give some examples of sole trading business.

  15. Define Sole trading business.

  16. Write about 'flexibility' in the business management of a sole trader.

  17. What is limited managerial skill?

  18. 4 x 5 = 20
  19. What are the advantages of Sole trading business?

  20. What are the disadvantages of Sole trading business?

  21. "One-man control is the best in the world provided that one-man is big enough to take care of everything" -Discuss,

  22. Explain the importance of 'High credit standing in sole trading concern.

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