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Question Practice

What is a defining characteristic of a sole proprietorship?

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 defining characteris...

Single Answer MCQ
Q-00064382

What is a defining characteristic of a sole proprietorship?

1

Limited liability of the owner

2

Single ownership and complete control

3

Mandatory registration with government

4

Possibility of raising large amounts of capital

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Q1.

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

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Q2.

In a sole proprietorship, the profits are:

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Q3.

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

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Q4.

What is one reason why sole proprietorships may have difficulty in securing loans?

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