Question # 1

The decisions of sole trade ship depend on:

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The will of friends

The will of sole-trader

The will of government

The will of relatives

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

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

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

In sole tradership, the derisions are held

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Belatedly

Without any delay

After the meeting of administration

With the suggestions of relatives

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

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 sole tradership is a business organization:

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Modern times

Olden times

A combination of (a) and (b)

All the above

The participants in sole tradership are/is

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One

Two

Three

Five

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)

The expenses for the formation of sole tradership are

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Less

More

Almost none

Not at all

In which form of business organization, the element of secrecy is maintained:

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Partnership

Joint stock company

Sole tradership

None of the above

The life of sole tradership is

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Long

Short

Defined/fixed

Both long and short

Not important for sole proprietorship:

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Capital

Interest of owner

Audit

Workers

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

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Principle of Commerce Icom Part 1 English Medium Chapter 3 Online Test MCQs With Answers

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