St. Britto Hr. Sec. School - Madurai
11th Commerce Monthly Test - 3 ( Sole Proprietorship )-Aug 2020
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Decision Making process in Sole Trading business is
Quicker
Slow
Neither Quick or Slow
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Consumers are ______
creditors
debtors
kings
owners
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"One-man control is the best in the world" -This statement is given by__________
Dr. O.R. Krishnaswami
Wheeler
William R. Basset
James Stephenson
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Sole Proprietorship is suitable for ________
Large scale concerns
Medium scale concerns
Small scale concerns
None of the above
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"He receives all the profits and risks all of his property in the success or failure of the enterprise" was said by _______________.
Wheeler
J.L. Hansen
H.Haney
O.R. Krishnasamy
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There is a limit to ___________ ability of a sole trader.
managerial
worker
owner
none of these
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How a sole trader is said that he owns all and risks all?
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Why do sole traders lose the economies of large-scale production?
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For which of the following types of business do you think a sole proprietorship form of organisation would be more suitable, and why?
(a) Grocery Store
(b) Medical store
(c) Craft centre
(d) Legal consultancy
(e) Internet cafe -
State the various kinds of Non-corporate enterprises.
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Define Sole Proprietorship.
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Define sole proprietorship according to P.K. Ghosh and Y.K.Bhushan.
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List out any five demerits of sole trading concern.
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A sole trader tends to make hasty decision-Explain
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What is the motive of the business undertaking?
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A sole trader business is short lived and affects society-Explain.
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Write a short note on non-corporate form.
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Who is called a Sole Trader?
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A sole trader tends to make hasty decision - Explain :
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What are the Non-corporate enterprises?
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How is it possible to maintain secrecy in sole proprietorship?
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Define Sole trading business.
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Give some examples of sole trading business.
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Write about 'flexibility' in the business management of a sole trader.
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What is unlimited liability?
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What is limited capital?
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Write any three characteristics of Sole Proprietorship?
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Bring out the importance in. the meaning of sole proprietorship.
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Explain the suitability of sole proprietorship .
Sole proprietorship is suitable for the following business: -
What is limited managerial skill?
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Can a sole trader business enterprise obtain the benefits of specialisation?