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  • Question 1
    1 / -0

    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

  • Question 2
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    Sole proprietorship form is most suitable ____________.

  • Question 3
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    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.

  • Question 4
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    Which of the following is/are advantage of LLP?

  • Question 5
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    When firm successfully engages in mergers and acquisitions it is called _________.

  • Question 6
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    How partners are liable for the debts and obligations of the firm?
    (i) Jointly
    (ii) Severally
    Select the correct answer from the options given below:

  • Question 7
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    Common examples for non profit corporations are __________________.

  • Question 8
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    Which of the following is/are disadvantage of partnership firm?

  • Question 9
    1 / -0

    A minimum of ____________ are required to start a partnership business.

  • Question 10
    1 / -0

    Which of the following is/are advantage of LLP?

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