Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Choose the Correct Answer. A major disadvantage of sole proprietorship is ______ - Commerce

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MCQ
Fill in the Blanks

Choose the Correct Answer.

A major disadvantage of a sole proprietorship is ______

Options

  • Limited liability

  • Unlimited liability

  • Easy Formation

  • Quick decision

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Solution

A major disadvantage of a sole proprietorship is unlimited liability.

Concept: Introduction of Classification of Business Activities
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