Practice Test

Q1) A sole Trading Concern operates in a _______ market. Show Answer

Q2) The capital raising capacity of a Sole Trader is _________. Show Answer

Q3) A Sole trading concern has no _________ status. Show Answer

Q4) The liability of a Sole Trader is _________. Show Answer

Q5) ________ form of organisation is the best for self-employment Show Answer

Q6) The market suitable for Sole Trading Concern ___________. Show Answer

Q7) Sole Trading Concern is suitable for ___________. Show Answer

Q8) Sole Proprietorship is _______. Show Answer

Q9) ________ is suitable for self-employment. Show Answer

Q10) The Sole Trading Concern ensures _________ business secrecy. Show Answer

Q11) A Sole Trading Concern has _________ independent legal status. Show Answer

Q12) In a ________ there is direct relationship between effort and reward. Show Answer

Q13) The capital brought in by a Sole Trader is comparatively __________. Show Answer

Q14) Individual proprietor concern is a ______ organisation. Show Answer

Q15) For a small scale business _________ is convenient. Show Answer

Q16) The Sole Trader is known for taking __________ decision. Show Answer

Q17) The oldest and simplest form of business organization is _______. Show Answer

Q18) ______ organisation have single ownership. Show Answer

Q19) _______ is the business managed, owned and controlled by one person. Show Answer

Q20) Maximum attention can be provided towards consumer by _________. Show Answer

Q21) Maximum secrecy is maintained in ________. Show Answer

Q22) _______ is an can be started by anybody with limited amount of capital and with limited space. Show Answer

Q23) A sole trading concern has maximum ________ owner / owners. Show Answer

Q24) A sole trading concern is highly ______. Show Answer

Q25) The sole trader is known for taking _______ decision. Show Answer

Q26) A sole trading organisation concern has _______ independent legal status. Show Answer

Q27) A sole traiding organisation suffers from lack of _______. Show Answer

Q28) The liability of a sole trader is unlimited. Show Answer

Q29) A sole trader has a weak bargining power. Show Answer

Q30) Business secrecy cannot be maitained in Sole Trading Concern. Show Answer

Q31) A Sole Trading Concern is not suitable form of organisation for self employment. Show Answer

Q32) A sole trader can take prompt decisions and quick actions. Show Answer

Q33) Sole Trading Concern is Convenient and suitable when the market of goods is local. Show Answer

Q34) The liability of a sole trader is limited. Show Answer

Q35) Sole Trading Concern operates in international market. Show Answer

Q36) Independent legal status is enjoyed by a sole trading concern. Show Answer

Q37) Business secrecy is not possible in sole trading concern. Show Answer

Q38) The sole trading business is run by only one person. Show Answer

Q39) A Sole Trading Concern is no more in exsitence. Show Answer

Q40) A sole trader has freedom from government regulation. Show Answer

Q41) Sole Trader cannot have expertise which is esstential in business. Show Answer