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WorksheetsSole Proprietorship
Total questions: 7
Worksheet time: 2mins
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
