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Question
State True or False:
Sole trading concern operates in local markets.
Options
True
False
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Solution
True
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RELATED QUESTIONS
State True or False:
Sole trader is the decision-maker of the business.
State True or False:
Sole proprietorship is useful for small business.
Complete the sentence.
There is only one owner in _____________
Select the correct option:
| A | B |
| Forms of business organisation | ______________ |
Select the correct option:
| A | B |
| Minimum 2 and maximum 50 | ______________ |
Correct the underlined word and rewrite the following sentence.
There is less secrecy in Sole Trading concern.
Explain the following term/concept:
Sole Trading Concern.
Answer in brief.
State any four features of Sole Trading Concern.
Justify the following statement.
Liability of a ‘Sole trader’ is Unlimited.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Which feature allows a sole trader to make business changes quickly?
What does unlimited liability mean for a sole proprietor?
Which statement describes a market limitation of a sole trading concern?
Which reason makes a sole trading concern unsuitable for large-scale operations?
