Economics Sole Proprietorship

What is a Sole Proprietorship?

• Business owned by president

• Business owned by several companies

• Business owned by one person

• Business owned by a company

Sole proprietorship business can be started by

• at least seven persons

• any one person

• at least two persons

• at least three persons

Sole Proprietorship is most suitable for

• Medium scale concerns

• Large scale concerns

• Small scale concerns

• None of the above

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

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

• Managerial

• Owner

• Worker

• None of these