Sole proprietorship 0001

A Sole proprietor concern is free from regulation by

• Indian Contract Act

• Government

• Private Indian

• Indian Law

The reason for the end of the sole proprietorship can be

• Insolvency

• Insanity

• Death

• All the above

Sole proprietorship business owner has

• Restricted Liability

• No Liability

• Unlimited Liability

• Limited Liability

Sole proprietorship is free from regulation by

• Indian law

• Government

• Private Indian

• Indian contract act

Sole proprietorship is most suitable for

• Medium scale concern

• Large scale concern

• Small scale concern

• All of the above

A sole proprietor has limit in which of the following ability

• Owner

• Worker

• Managerial

• None of these

A sole trader has one owner but can employ any number of people.

• true

• false

• undecided

Sole traders can be found in ALL the sectors of the economy.

• true

• false

What is sole proprietorship?

• Business owned by President

• Business owned by a company

• Business owned by one person

• Business owned by several companies