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Question Practice

What is 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 sole proprietorship?

Single Answer MCQ
Q-00064398

What is a sole proprietorship?

1

A type of business owned by multiple individuals.

2

A business owned and managed by a single individual.

3

A cooperative society run by its members.

4

A form of business organization that requires legal formalities.

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Q1.

What is a defining characteristic of a sole proprietorship?

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Q2.

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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