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Standard XI
Business Studies
Question

Sole proprietorship form is not suitable _____________________.
  1. Where manual skill is required
  2. Where the market for the product is small and local
  3. All of above
  4. Where capital requirement is large and risk involvement is heavy

A
Where capital requirement is large and risk involvement is heavy
B
Where the market for the product is small and local
C
Where manual skill is required
D
All of above
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Solution
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A is the correct answer.

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Similar Questions
Q1
Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______ business, (small / large)
(c) Liability of a sole proprietor is ________ (limited / unlimited)
(d) Sole proprietorship _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)
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Q2

A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.


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Q3
Answer is Yes or No:
(a) The sole proprietor is the exclusive master of his business.
(b) The liability of a sole proprietor is limited.
(c) A sole proprietorship has no legal existence apart from its owner.
(d) Sole proprietorship is the oldest form of business organisation.
(e) It is difficult to set up a sole proprietorship.
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Q4
Following is not a characteristic of sole proprietorship business _______________.
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Q5
As the business flourishes, a sole proprietorship might not get a chance to decrease costs as it lacks the economies of large scale business.
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