Question # 1

The life of sole tradership is

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Long

Short

Defined/fixed

Both long and short

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 sole tradership, the derisions are held

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Belatedly

Without any delay

After the meeting of administration

With the suggestions of relatives

Sole proprietor's is generally carried on:

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Small scale

Medium scale

Large scale

All the above

In sole tradership, the responsibility of loss is on

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The manger

Many people

A single person

The employees

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 participants in sole tradership are/is

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One

Two

Three

Five

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

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

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

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 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 tradership is:

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Long

Short

Defined/Fixed

Both long and short

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

In sole tradership, the responsibility of loss is on:

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The manger

Many people

A single person

The employees

The participants in sole tradership is/are:

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One

Two

Three

Five

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

In sole tradership, the derisions are held:

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Balatedly

Without and delay

After the meeting of administration

With the suggestions of relatives

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

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

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Partnership

Joint stock company

Sole tradership

None of the above

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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