MCQ
True or False
State with reasons whether the following statement is true or false.
A sole trading concern is easiest to form.
Options
True
False
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Solution
A sole trading concern is easiest to form : True
Explanation: A sole trading concern is easy to form, as limited capital and few legal formalities are required. Any person who is a major (adult) and mentally sound can start a business.
Concept: Choice of Form of Business Organization
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