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प्रश्न
What do you understand by a sole proprietorship firm?
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उत्तर
In a sole proprietorship form of business, the business is owned, managed and controlled by a single individual who is known as the sole proprietor. As the sole owner of the business, the proprietor becomes the single recipient of all the profits earned by the business and, in the same way, has to bear all losses.
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संबंधित प्रश्न
Features of sole trading concern.
‘One man show’ type of business organization.
Match the pairs :
|
Group 'A' |
Group 'B' |
||
| (a) | Sole trader | (1) | Compensation upto Rs 20 lacs |
| (b) | Globalisation | (2) | Minimum two members |
| (c) | District Forum | (3) | Dr. Deming |
| (d) | Private company | (4) | Regional market |
| (e) | Total Quality Management | (5) | F. W. Taylor |
| (6) | Minimum seven members | ||
| (7) | Maximum secrecy | ||
| (8) | Compensation more than Rs 20 lacs | ||
| (9) | International market | ||
| (10) | Minimum secrecy | ||
Sole Trading Concern and Partnership
Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.
Distinguish between the following.
Sole Trading concern and partnership firm.
Write short notes on the following.
Features of a proprietorship
Write short note on the following.
Features of partnership firm.
State Whether the Following Statement Is True Or False (Give Reason).
A sole trader can take prompt decisions and quick actions.
State Whether the Following Statement Are True Or False (Give Reason)
The liability of a sole trader is unlimited.
State Whether the Following Statement Are True Or False (Give Reason)
Sole Trading Concern is convenient and suitable when the market of goods is local.
The structure in which there is a separation of ownership and management is called
The Karta in Joint Hindu family business has
The board of directors of a joint-stock company is elected by ______.
The Head of the joint Hindu family business is called
Define sole proprietorship.
