Question # 1

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 sole tradership is a business organization:

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Modern times

Olden times

A combination of (a) and (b)

All the above

The life of sole tradership is

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Long

Short

Defined/fixed

Both long and short

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

Transfer of sole proprietorship:

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According to legal requirements

Not possible

Is done easily

all correct

The life of tradership is:

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Long

Short

Defined/Fixed

Both long and short

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

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 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

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

Not important for sole proprietorship:

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Capital

Interest of owner

Audit

Workers

In sole tradership, the responsibility of loss is on:

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The manger

Many people

A single person

The employees

The formation of sole tradership as compared of partnership is

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Easy

Difficult

Same (No difference)

All 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

The participants in sole tradership is/are:

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One

Two

Three

Five

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

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