Q1. How many members are there in sole proprietorship?
1
2
3
4
Q2. In sole proprietorship the profits and losses are:
Distributed to all staff working for the trader
He bears himself
Q3. It is simple to start this business..
Yes
No
legal formalities required
Q4. The liability of a sole trader is:
Limited
Unlimited
Q5. The advantages of a sole trader includes:
Limited Resource of Capital
Unlimited Liability
Prompt Decision Making