Question # 1

The sole tradership is a business organization of

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Modern times

Old times

A combination of (a) and (b)

All the above

In order to wind up the sole tradership:

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The acceptance of the government is sought

No legal process is required

The meeting of administration is required

The will of the friends is required

In sole tradership, the responsibility of loss is on

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The manger

Many people

A single person

The employees

The success of tradership is dependent to:

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The administration

The capability of the manger

The capability of sole trader

The cooperation of friends

Sole proprietorship is:

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Non-flexible

Flexible

Durable

None of these

In sole tradership

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The government provides finance

Only the trader provides finance

Many people collectively provide finance

The relatives provide finance

Relation of the owner/principal with the workers and consumers in sole proprietorship are:

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Not developed

Direct

Indirect

Not good (worst)

Who provides capital in sole proprietorship:

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Sole owner

Bank

Workers

Relatives

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All of the above

In order to wind up the sole tradership

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The acceptance of the government is sought

No legal process is required

The meeting of administration is

The will of the friends is required

A sole proprietor may expand his business by:

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Employing more persons

Having a new shareholder

Both (a) and (b)

Having more shareholders

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

A sole proprietor forms his business after:

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The government's acceptance

Fulfilling the legal requirements

His own will

The permission of relative

A sole proprietor forms his business after

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The government's acceptance

Fulfilling the legal requirements

His own will

The permission of relatives

Sole proprietor's is generally carried on

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Small scale

Medium scale

Large scale

All these are wrong

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