Business Studies

Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______  business, (small / large)
(c) Liability of a sole proprietor is  ________ (limited / unlimited)
(d) Sole proprietorship  _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)


SOLUTION
Fill in the blanks:
(a) Sole proprietorship is the oldest form of business enterprises.
(b) Sole proprietorship is most suitable form for small  business.
(c) Liability of a sole proprietor is unlimited.
(d) Sole proprietorship does not have a separate legal entity.
(e) It is easy to set up a sole proprietorship firm.
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