Forms of Busine...

The business started by a group of persons can be ________.

______________ business is a form of business organisation found only in India.

Which of following form of business is the most simple and common in our country?

Which of the following statement is/are TRUE and which is/are FALSE?
I. Sole proprietorship business includes only shopkeepers.
II. In sole proprietorship business the proprietor has full control over each and every activity of the business. 
III. The sole proprietor is always in a position to maintain good personal contact with the customers and employees.

Select the correct answer from the options given below:

Sole proprietorship form is not suitable _______________.

Which of following is advantages (A) and which is disadvantage (D) of sole proprietorship form of business?
(i) Maintenance of business secrets
(ii) Limited capital
(iii) Quick decision and prompt action
(iv) Lack of continuity
Select the correct answer from the options given below.

Characteristics of sole proprietorship form of business is/are :
1. Single owner
2. Unlimited liability
3. Control by partner
4. No sharing of profit and loss

Sole proprietorship form is most suitable ____________.

A HUF business can be dissolved any time ___________________.

Identify which statement is true and which is false?
1. Any person can become member of HUF.
2. In a HUF business, in the event of death of any of the co-parcener, his wife can claim share of profit.
3. In a HUF business, the liability of the karta is Unlimited.
Select the correct answer from the options given below.