Advertisements
Advertisements
Question
Choose the Correct Answer.
A major disadvantage of a sole proprietorship is ______
Options
Limited liability
Unlimited liability
Easy Formation
Quick decision
MCQ
Fill in the Blanks
Solution
A major disadvantage of a sole proprietorship is unlimited liability.
shaalaa.com
Introduction of Sole Proprietorship
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Choose the Correct Answer.
Which is the oldest form of Business organisation?
Choose the Correct Answer.
In which form the owner, establisher and manager are only one?
Choose the Correct Answer.
From the following which one is a Noncorporate form of business?
What are Non-corporate enterprises?
What are Corporate enterprises?
For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable, and why?
- Grocery store
- Medical store
- Craft centre
- Legal consultancy
- Internet cafe
Give some examples of the Sole trading business.
