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Question
‘One man show’ type of business organization.
Solution
Sole trading concern.
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RELATED QUESTIONS
Define Sole Trading Concern ?
A sole trading concern ensures ______________ business secrecy.
Select the proper option from the options given below and rewrite the completed sentence.
A proprietor has ________ liability.
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.
Write short notes on the following.
Features of a proprietorship
State Whether the Following Statement Are True Or False (Give Reason)
A sole trader has weak bargaining power.
State Whether the Following Statement Are True Or False (Give Reason)
The liability of a sole trader is unlimited.
What do you understand by a sole proprietorship firm?
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
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
The Karta in Joint Hindu family business has
The board of directors of a joint-stock company is elected by
The capital of a company is divided into a number of parts each one of which is called
Provision of residential accommodation to the members at reasonable rate is the objective of
A partner whose association with the firm is unknown to the general public is called
Define sole proprietorship.
