Maharashtra State BoardHSC Commerce 12th Board Exam
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State with Reasons Whether the Following Statement is True Or False. a Sole Trading Concern is Easiest to Form. - Organisation of Commerce and Management

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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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
True or false | Q 16 | Page 39
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