salary to his father and brother. Identify the form of business organisation. For Own Thinking i. How to start a snacks manufacturing unit at home?
ii. Dried Fish – Trading Explain. iii. Individual – Independent software companies run by New graduates I.
Choose the Correct Answer . Which is the oldest form of Business organisation? a. Sole Proprietorship b.
Partnership c. Co-operative Society d. Company . In which form the owner, establisher and manager is only one?
a. Joint Enterprise b. Government Company c. Co-operative Society d.
Sole Proprietor Key Terms Business Organisation Sole Proprietorship Unlimited Liability Managerial Skill Legal Entity Credit Standing Exercise commerce - - . . PM . A major disadvantage of sole proprietor-ship is a.
Limited liability b. Unlimited liability c. Easy Formation d. Quick decision .
From the following which one is Non- corporate form of business? a. Joint stock company b. Sole trading business c.
Government company d. Co-operatives Answers . a . d .
b . b II. Very Short Answer Questions . Who is called a Sole Trader?
. What are the Non-Corporate enterprises? . What are the Corporate enterprises?
III. Short Answer Questions . How is it possible to maintain secrecy in Sole Proprietorship? .
What is unlimited liability? . Give some examples of Sole trading business. IV.
Long Answer Questions . Explain the characteristics of Sole trading business. (any ) . What are the advantages of Sole trading business.
(any ) . What are the disadvantages of Sole trading business. Reference . Kathiresan & Radha - “Business Organisation”, Tenth Edition, Prasanna Publishers, Chennai .
. Subhanjali Chopra - Business Organisation and Management commerce - - . . PM