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Question
‘One man show’ type of business organization.
Solution
Sole trading concern
RELATED QUESTIONS
| Group'A' | Group 'B' | ||
| a | Sole trader | 1 | Insurable interest |
| b | Life insurance | 2 | Branch of Social Science |
| c | Business ethics | 3 | Local market |
| d | Henry Fayol | 4 | Father of scientific management |
| e |
Planning |
5 | Principle of indemnity |
| 6 | Father of modern management | ||
| 7 | Primary function of management | ||
| 8 | To earn profit | ||
| 9 | Last function of management | ||
| 10 | National market |
Features of sole trading concern.
‘One man show’ type of business organization.
Define Sole Trading Concern ?
Sole trading concern and Partnership firm .
Select the proper option from the options given below and rewrite the completed sentence.
A sole trading concern ensures ________ business secrecy.
Write a word or a phrase or a term which can substitute the following.
The owner is the sole manager and decision maker of his business.
Distinguish between the following.
Sole Trading concern and partnership firm.
State Whether the Following Statement Are True Or False (Give Reason)
A sole trader has weak bargaining power.
What do you understand by a sole proprietorship firm?
Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.
(a) Explain two benefits of remaining a sole proprietor
(b) Explain two benefits of converting to a joint stock company
(c) What role will her decision to go nationwide play in her choice of form of the organisation?
(d) What legal formalities will she have to undergo to operate business as a company?
The structure in which there is a separation of ownership and management is called
Profits do not have to be shared. This statement refers to
The capital of a company is divided into a number of parts each one of which is called
The Head of the joint Hindu family business is called
Provision of residential accommodation to the members at reasonable rate is the objective of
Define sole proprietorship.
Define the following business entities:
Sole Proprietorship
