New ! Commerce MCQ Practise Tests



Sole Proprietorship Three Marks Questions

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. How is it possible to maintain secrecy in sole proprietorship?

  2. What is unlimited liability?

  3. Write any three characteristics of Sole Proprietorship?

  4. Give some examples of sole trading business.

  5. Define Sole trading business.

  6. Can a sole trader business enterprise obtain the benefits of specialisation?

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

  8. What is limited managerial skill?

  9. Explain the suitability of sole proprietorship. Sole proprietorship is suitable for the following business.

  10. Bring out the importance in the meaning of sole proprietorship.

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