Sole Proprietorship Book Back Questions

11th Standard

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Commerce

Time : 00:45:00 Hrs
Total Marks : 30
    3 x 1 = 3
  1. Which is the oldest form of Business organisation?

    (a)

    Sole Proprietorship

    (b)

    Partnership

    (c)

    Co-operative Society

    (d)

    Company

  2. A major disadvantage of sole proprietorship is __________.

    (a)

    Limited liability

    (b)

    Unlimited liability

    (c)

    Easy Formation

    (d)

    Quick decision

  3. From the following which one is Non-corporate form of business?

    (a)

    Joint stock company

    (b)

    Sole trading business

    (c)

    Government company

    (d)

    Co-operatives

  4. 4 x 2 = 8
  5. Who is called a Sole Trader?

  6. What are the Non-corporate enterprises?

  7. What are the Corporate enterprises?

  8. 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) Craft centre
    (d) Legal consultancy
    (e) Internet cafe

  9. 3 x 3 = 9
  10. How is it possible to maintain secrecy in sole proprietorship?

  11. What is unlimited liability?

  12. Write any three characteristics of Sole Proprietorship?

  13. 2 x 5 = 10
  14. What are the advantages of Sole trading business?

  15. What are the disadvantages of Sole trading business?

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