Which is the oldest form of Business organisation?

(a)

Sole Proprietorship

(b)

Partnership

(c)

Co-operative Society

(d)

Company

In which form the owner, establisher and manager is only one?

(a)

Joint Enterprise

(b)

Government Company

(c)

Co-operative Society

(d)

Sole Proprietor

A major disadvantage of sole proprietorship is __________.

(a)

Limited liability

(b)

Unlimited liability

(c)

Easy Formation

(d)

Quick decision

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

Sole Proprietorship is suitable for ________

(a)

Large scale concerns

(b)

Medium scale concerns

(c)

Small scale concerns

(d)

None of the above

A sole trader ___________

(a)

cannot keep his business secrets

(b)

can keep his business secrets

(c)

both

(d)

none of the above

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

(a)

managerial

(b)

worker

(c)

owner

(d)

none of these

A sole trader concern is owned by an ____________

(a)

partner

(b)

individual

(c)

organisation

(d)

society

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 

Decision Making process in Sole Trading business is _____.

(a)

Quicker

(b)

Slow

(c)

Neither

(d)

Quick or Slow

The Liability of sole trader is ________.

(a)

Limited

(b)

Unlimited

(c)

None of the above

(d)

Easy

Sole Tradership also know as ______________

(a)

Partnership

(b)

Individual

(c)

Trade of leadership

(d)

entrepreneurship

"No seprate Legal Entity" in case of _______

(a)

Sole trade

(b)

Joints company

(c)

Co-operatives

Managerial skill is limited in _________

(a)

Partnership

(b)

Soletradership

(c)

Joints company

Hasty decision is possible in case of _________

(a)

Sole tradership

(b)

Partnership

(c)

Co-operatives

______________ is that form of business organisation which is owned and controlled by a single individual.

(a)

Sole trading concern

(b)

Partnership firm

(c)

Joint Hindu family business

(d)

Joint stock companies

______________is known as individual entrepreneurship.

(a)

Partnership

(b)

Sole trader

(c)

Joint stock company

(d)

Co-operative

Why do sole traders lose the economies of large-scale production?

How is the liability of owner in sole propritorship?

Is registration necessary for sole proprietorship?

A sole trader tends to make hasty decision - Explain.

What is the other name for sole proprietorship?

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

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

What is limited capital?

What is limited managerial skill?

Explain the characteristics of Sole trading business. (any 5)

What are the advantages of Sole trading business? (any 5)