Business Studies

Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______  business, (small / large)
(c) Liability of a sole proprietor is  ________ (limited / unlimited)
(d) Sole proprietorship  _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)


SOLUTION
Fill in the blanks:
(a) Sole proprietorship is the oldest form of business enterprises.
(b) Sole proprietorship is most suitable form for small  business.
(c) Liability of a sole proprietor is unlimited.
(d) Sole proprietorship does not have a separate legal entity.
(e) It is easy to set up a sole proprietorship firm.
View Full Answer

Its FREE, you're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 145
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Can a public ltd. company hold an AGM on a public holiday?
  • A. Yes
  • B. No
  • C. Both a and b
  • D. None of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Answer the following question in $$2$$ or $$3$$ sentences.
What is privatisation?

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Can the public sector companies compete with private sector in terms of profit and efficiency? Give reasons for your answer.

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Identifying marks of a public limited company are __________.
  • A. Formation
  • B. Number of members
  • C. Directors and meetings
  • D. All of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following statements is not true in respect of holding the Annual General Meeting?
  • A. AGM should be held in every calender year
  • B. AGM should be held within six months from the end of financial year
  • C. The gap between two AGM's should not exceed fifteen months
  • D. Private company is not required to hold an AGM

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer