Business Organizations

Front

Business Owned by a Single Individual

Back

Sole Proprietor

Front

A sole proprietor has a limit in which of the following ability: managerial, owner, worker, none of the above

Back

managerial

Front

Which of the following is an example of a sole proprietorship business firm? Multinational company, School, Retail grocery store, NGO

Back

Retail grocery store

Front

Sole Proprietorship business has

Back

unlimited liability

Front

A sole proprietor is free from regulation by?

Back

Government

Front

The reason for the end of the sole proprietorship business can be? Insolvency, Death, Insanity, All the above

Back

All the above

Front

To start a partnership business, what should be the minimum number of partners?

Back

2

Front

In partnership, partners liabilities are

Back

Unlimited

Front

Which is not a feature of a partnership business? Easy Formation, Mutual Agency, Limited Liability, Two or more person

Back

Limited Liability

Front

LLP is hybrid form of

Back

Partnership and Joint stock company