Principles of Commerce ICOM Part 01 Top 500 + MCQS Download Pdf Chapter No 03

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01	Principles of Commerce ICOM Mcqs Chapter 01	02	Principles of Commerce ICOM Mcqs Chapter 02
03	Principles of Commerce ICOM Mcqs Chapter 03	04	Principles of Commerce ICOM Mcqs Chapter 04
05	Principles of Commerce ICOM Chapter 05	06	Principles of Commerce ICOM Chapter 06
07	Principles of Commerce ICOM Mcqs Chapter 07	08	Principles of Commerce ICOM Mcqs Chapter 08
09	Principles of Commerce ICOM Mcqs Chapter 09	10	Principles of Commerce ICOM Mcqs Chapter 10
11	Principles of Commerce ICOM Mcqs Chapter 11	12	Principles of Commerce ICOM Mcqs Chapter 12
13	Principles of Commerce ICOM Mcqs Chapter 13	14	Principles of Commerce ICOM Mcqs Chapter 14
15	Principles of Commerce ICOM Mcqs Chapter 15	16	Principles of Commerce ICOM Mcqs Chapter 16
17	Principles of Commerce ICOM Mcqs Chapter 17	18	Principles of Commerce ICOM Mcqs Chapter 18
19	Principles of Commerce ICOM Mcqs Chapter 19	20	Principles of Commerce ICOM Mcqs Chapter 20

Chapter # 03

Sole Tradership / Proprietorship

Encircle the most appropriate answer from the following options

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1.The decisions of sole tradership depends on:

1. The will of friends
2. The will of sole-trader
3. The will of government
4. The will of relatives

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2. In sole tradership:

1. The government provides finance/capital
2. Only the trader provides finance/capital
3. Many people collectively provide finance/capital

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3. In sole tradership, the decisions are held

1. Belatedly
2. Without any delay
3. After the meeting of administration
4. With the suggestions of relatives

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4. The success of sole tradership is dependent to:

1. The capability of the manger
2. The capability of sole trader
3. The cooperation of friends

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5.The sole tradership is a business organization of:

1. Modem times
2. Old times
3. combination of (a) and (b)
4. All the above

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6.A sole proprietor forms his business after:

1. The government’s acceptance
2. Fulfilling the legal requirements
3. His own will

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7.The participants in sole tradership are/is:

1. One
2. Three
3. Two

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8. The formation of sole tradership as compared of partnership is:

1. Easy
2. Difficult
3. Same

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9. The life of sole tradership is:

1. Short
2. Defined/Fixed
3. Both long and short

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10. The expenses for the formation of sole tradership are:

1. Almost none
2. Less
3. More
4. Not at all

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11.In which form of business secrecy is maintained:

1. Partnership
2. Joint stock company
3. Sole tradership        

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12.A sole proprietor may expand his business by:

1. Employing more persons
2. Having a new shareholder
3. Both (a) and (b)

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13. Sole proprietor’s is generally carried on:

1. Small scale
2. Medium scale
3. Large scale

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14. Sole proprietorship is:

1. Non-flexible
2. Flexible
3. Durable

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15.Not important for sole proprietorship:

1. Capital
2. Interest of owner
3. Audit
4. Workers

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16. Transfer of sole proprietorship:

1. According to legal requirements
2. No possible
3. Is done easily
4. All correct

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17.Relation of the owner/principal with the workers and consumer in proprietorship are:

1. Indirect
2. Not good (worst)
3. Direct

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