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Question Practice

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

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

Which feature of a sole propri...

Single Answer MCQ
Q-00064385

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

1

Regulatory requirements

2

Need for a partnership agreement

3

Minimal legal formalities

4

Mandatory audits

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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.

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

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