Which is the oldest form of Business organisation?

(a)

Sole Proprietorship

(b)

Partnership

(c)

Co-operative Society

(d)

Company

A major disadvantage of sole proprietorship is __________.

(a)

Limited liability

(b)

Unlimited liability

(c)

Easy Formation

(d)

Quick decision

________ is owned by Single person.

(a)

Sole proprietorship

(b)

Joint Hindu Family

(c)

Public Company

(d)

Private Company

__________ is an Important as well as Specific Advantage of sole proprietorship.

(a)

Easy formation

(b)

Incentive to work hard

(c)

Small capital

(d)

Flexibility

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

(a)

managerial

(b)

worker

(c)

owner

(d)

none of these

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

The structure in which there is separation of ownership and man agreement is called ______

(a)

Sole Proprietorship

(b)

Partnership

(c)

Company

(d)

All business organisation 

The Liability of sole trader is ________.

(a)

Limited

(b)

Unlimited

(c)

None of the above

(d)

Easy

Managerial skill is limited in _________

(a)

Partnership

(b)

Soletradership

(c)

Joints company

__________business organisation is easy and simple to form.

(a)

Joints company

(b)

Partnership

(c)

Sole tradership