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Question Practice

Which of the following statements best describes the control in 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

Which of the following stateme...

Single Answer MCQ
Q-00064412

Which of the following statements best describes the control in a sole proprietorship?

1

It is shared among partners.

2

It is limited to a few key employees.

3

The owner has complete control over all decisions.

4

Control is defined by a partnership deed.

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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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