Quiz on Soletradership

What is a Sole Proprietorship?

• Business owned by president

• Business owned by several companies

• Business owned by a company

• Business owned by one person

Which of the following is owned by a single person

• Private Company

• Public Company

• Joint Hindu Family

• Sole Proprietorship

A sole proprietor has a limit in which of the following ability

• Managerial

• Owner

• Worker

• None of these

Sole Proprietorship is most suitable for

• A. Medium scale concerns

• Small-scale concerns

• Large-scale concerns

• Micro enterprises

The life of sole proprietorship is

• Stable

• Unstable

• Long life

• Short life

In which form of business, there is no need to share profits.

• A. Company

• Sole trader ship

• Partnership

• Joint Hindu family business

A Sole proprietor concern is free from regulation by.

• Contract act

• Government

• Partnership act

• Municipal laws

The reason for the end of the sole proprietorship can be

• Insolvency

• Insanity

• Death

• All the above

Sole proprietorship is said to be................. enterprise

• Private enterprise

• Public enterprise

• Joint enterprise

• Government enterprise

The primary objective of a business is ....

• Making profit

• Not making profit

• Special skill

• None of the above