Sole trading concern / sole proprietorship - class-XI
The maximum number of partners allowed in the banking business are ______________.
Provision of residential accommodation to the member at reasonable rates is the objective of ________________.
Which of the following is not characteristic of LLP?
____________ is the most flexible kind of business Organisation.
The business in which only a single owner arranges the capital is ____________.
Following is not a characteristic of sole proprietorship business _______________.
One of the hardships of a sole proprietorship is that _________________.
One of the best advantages of proprietorship is that _________________.
The risk of the sole proprietorship business is shared with the employees of the business _______________.
Characteristics of sole proprietorship form of business is/ are
$(1)$ Single owner
$(2)$ Unlimited liability
$(3)$ Control by partner
$(4)$ No sharing of profit and loss
Select the correct answer from the options given below.
Which of the following statements is/ are TRUE and which is/ are FALSE?
I. Sole proprietorship business includes only shopkeepers.
II. In sole proprietorship business the proprietor has full control over each and every activity of the business.
III. The sole proprietor is always in a position to maintain good personal contact with the customers and employees.
IV. In a HUF business all co-parceners have equal share in the profits of the business.
Select the correct answer from the options given below.
Sole proprietorship form is most suitable : ________.
In case of sole proprietorship there is a _______ between _________.
Which of following is advantages (A) and which is disadvantage (D) of sole proprietorship form of business?
(i) Maintenance of business secrets
(ii) Limited capital
(iii) Quick decision and prompt action
(iv) Lack of continuity
Select the correct answer from the options given below.
Sole proprietorship form is not suitable _____________________.
Sole proprietorship form is most suitable : __________.
Sole trader starts his/her business with an objective of earning independent livelihood using his/her skills.
Arrange the following steps in formation of Sole Proprietorship, in correct order.
- Obtaining required License for business
- Discussion about business
- Starting the business
- Arrangement of Financial resources
Sole Proprietorship business is suitable for _________.
Sole traders do not have to file a business tax return on the company's profits and losses.
_______ do not have to consult with other individuals to make decisions for the business, which allows them to respond quickly to changes in the marketplace.
Sole trading concern is owned and managed by________person/persons.
The organisation, which is owned and managed by one person is a ________________.
A person who conducts business of sole trading concern is known as sole trader.
What is one of the best advantages of proprietorship?
What is one of the hardships of a sole proprietorship?
The most suitable definition of a sole trader form of business organization is _______.
Mr. Varun wanted to start a bakery shop with limited money. What kind of business organization you would suggest him?
In relation to business organisation structure, which one of the following is easy to form and wind up?
Which one of the following does not have perpetual succession?
Person doing business solely is known as ________.
Which of following is advantages (A) and which is disadvantage (D) of sole proprietorship form of business?
(i) Maintenance of business secrets
(ii) Limited capital
(iii) Quick decision and prompt action
(iv) Lack of continuity
Select the correct answer from the options given below.
Which of the following statement is/are TRUE and which is/are FALSE?
I. Sole proprietorship business includes only shopkeepers.
II. In sole proprietorship business the proprietor has full control over each and every activity of the business.
III. The sole proprietor is always in a position to maintain good personal contact with the customers and employees.
IV. In a HUF business all co-parceners have equal share in the profits of the business.
Select the correct answer from the options given below:
The sole proprietorship form of business discourages self employment.
Thus the partners of __________ firm get the benefit of lower assessment.
Sole proprietorship form of business organisation is suitable ________.
Statutory body is a body that is created under an Act, enacted by ________.
Which property will be the property of a Firm?
Mr. Varun wanted to start a bakery shop with limited money. What kind of business organization you would suggest him_______________.
A florist opened a shop in the year $2000$ but due to certain looses he did wind it up in a single day after $9$ years of operations i.e. in $2009$. What kind of organization it is________________.
Which of the following is/ are disadvantage of a company form of organization?
Which of the following is/ are advantage of LLP?
Which of the following is/ are advantage of LLP?
LLP can raise funds from public.
Which of the following is not characteristic of LLP?
Which of the following is/ are advantage of LLP?
Obtaining a license to operate business is mandatory for a sole proprietorship. Choose the appropriate answer option.
As the business flourishes, a sole proprietorship might not get a chance to decrease costs as it lacks the economies of large scale business.
Sole traders operate mostly on a small-scale basis and their number is large. Identify the particular advantages.
One man control is the best in the world if the man is capable enough to manage everything. This statement states about which form of business?
The fate of sole proprietorship is connected to the sole proprietor. What does this convey about the sole proprietorship?
______ is a popular form of business organisation and is the most suitable form for small businesses.
Identify the limitation of sole trading concern from the following.
A business started by only one person is called________.
Statement A : Easy to form is advantage of sole proprietorship form of business.
Statement B: Easy to wind up is advantage of sole proprietorship form of business.
Characteristics of sole proprietorship form of business is/are :
1. Single owner
2. Unlimited liability
3. Control by partner
4. No sharing of profit and loss
Sole proprietorship form is most suitable ____________.
Which of following form of business is the most simple and common in our country?
In case of sole proprietorship there is a _____ between ________.
Sole proprietorship form is most suitable ___________.
Sole proprietorship form is not suitable _______________.