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Question Practice

What is a common characteristic of sole proprietors in terms of decision-making?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Forms of Business Organisation
Question Bank

What is a common characteristi...

Single Answer MCQ
Q-00064392

What is a common characteristic of sole proprietors in terms of decision-making?

1

Consensus is necessary for changes.

2

Decisions can be made independently.

3

Consultation with partners is mandatory.

4

Decisions require majority vote.

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What is a defining characteristic of a sole proprietorship?

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Which of the following is a disadvantage of a sole proprietorship?

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Q3.

In a sole proprietorship, the profits are:

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Q4.

Which feature of a sole proprietorship makes it easier to form compared to other business types?

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