Question # 1

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

The participants in sole tradership are/is

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One

Two

Three

Five

The expenses for the formation of sole tradership are

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Less

More

Almost none

Not at all

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

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

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

The decisions of sole trader ship depend on

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The will of friends

The will of sole-trader

The will of government

The will of relatives

Sole proprietor's is generally carried on

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Small scale

Medium scale

Large scale

All these are wrong

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 responsibility of loss is on

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The manger

Many people

A single person

The employees

The life of tradership is:

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Long

Short

Defined/Fixed

Both long and short

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

The expenses for the formation of sole tradership are:

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Less

More

Almost none

Not at all

Sole proprietorship is:

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Non-flexible

Flexible

Durable

None of these

Sole proprietor's is generally carried on:

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Small scale

Medium scale

Large scale

All the above

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

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