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Sole Proprietorshiphhhhhhh - Quizizz

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46 views4 pages

Sole Proprietorshiphhhhhhh - Quizizz

Uploaded by

ahmadalarood0
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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5/22/24, 4:37 PM Sole proprietorship | Quizizz

Worksheets Name

Sole proprietorship
Class
Total questions: 10
Worksheet time: 4mins
Date
Instructor name: Manisha K

1. A sole proprietor has

a) Unlimited liability b) No liability for debts

c) Limited liability d) Joint liability

2. Sole proprietorship is more suitable for large-scale business.

a) False b) True

3. Profits do not have to be shared. This statement refers to

a) Company b) Partnership

c) Sole proprietorship d) Joint Hindu family business

4. Which of the following is not the feature of the sole trade?

a) Individual ownership b) Secrecy

c) Undivided risk d) Limited liability

5. Which of the following is not the advantage of the sole trader?

a) Quick decision b) Personal control

c) Unlimited liability d) Easy formation

6. Which of the following is the limitation of the Sole trader?

a) All of the above b) Unbalanced management

c) Limited source of capital d) Unlimited liability

7. Is a sole proprietor bound to publish his/her business accounts?

a) No b) Yes

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5/22/24, 4:37 PM Sole proprietorship | Quizizz

8. The sole trade is useful for beauty parlour.

a) True b) False

9. For starting Sole proprietorship, expert persons and enough capital are required.

a) False b) True

10. "Working for oneself provides personal satisfaction." Which merit of sole proprietorship is highlighted in this
statement?

Ans.

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5/22/24, 4:37 PM Sole proprietorship | Quizizz

Answer Keys

1. a) Unlimited liability 2. a) False 3. c) Sole proprietorship

4. d) Limited liability 5. c) Unlimited liability 6. a) All of the above

7. a) No 8. a) True 9. a) False

10. Sense of accomplishment

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5/22/24, 4:37 PM Sole proprietorship | Quizizz

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